Mission
National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes (abbr. - Asset Recovery and Management Agency or ARMA) is a special governmental body, authorized to formulate and implement state policy in the sphere of tracing, finding of assets that are subject to seizure and that are aimed to be seized, as well as management of seized assets in criminal proceedings.
Internal and external preconditions for establishment of the National Agency are the following:
- to improve mechanisms for tracing and finding of assets which illegally withdrawn from Ukraine as a result of corruption and other crimes, and development of transparent and effective mechanisms for managing of seized assets;
- obligations within Visa Liberalization Action Plan, obligatory recommendations within OECD dialog, and other international obligations of Ukraine.
As for the competences, functions and legal status, National Agency is is unparalleled in Ukraine.
National Agency is similar to ARO/AMO successfully operating in the EU member states according to Council Decision 2007/845/JHA of 6 December 2007, and other EU legal acts.
