Asset Recovery and Management Agency supports the statement of the President of Ukraine regarding the need to update ARMA’s work in close cooperation with law enforcement and anti-corruption bodies.
ARMA has already launched a systemic reboot. For the first time in 10 years of the Agency’s work, a full identification of seized assets is being carried out. Regional units must complete this process by 15 December, and the renewed Asset Management Department will summarize the results by the end of the year and propose further steps.
In parallel, a new procedure for the identification of seized assets has been developed, establishing a clear process for their transfer from law enforcement bodies to ARMA. The document has already been agreed with the Bureau of Economic Security (BES), National Anti-Corruption Bureau (NABU), Security Service of Ukraine (SSU), National Police, and the Specialized Anti-Corruption Prosecutor’s Office (SAPO), and is currently undergoing final approval with the State Bureau of Investigation (SBI) and the Prosecutor General’s Office (PGO).
The new Regulation on ARMA, approved by the Government on 13 November, enables the launch of a comprehensive organizational restructuring. It provides for the creation of an internal security unit, separate functions for identification and preservation of assets, and the division of managerial powers that previously created corruption risks.
ARMA is launching a comprehensive audit of its activities with the participation of international partners. All identified violations will be thoroughly examined, and those responsible will be brought to justice.
“We are launching something that has not been done in 10 years – a full identification of all assets. In parallel, we are creating an internal security system and involving international auditors. Every asset must be accounted for, every violation must be investigated, and every perpetrator must be punished. This is a matter of trust in the state. ARMA must work in such a way that the revenues from seized assets contribute to strengthening the defence and economy of the country,” noted Acting Head of ARMA, Yaroslava Maksymenko.
