The Asset Recovery and Management Agency (ARMA) and the State Institution of Postgraduate Education “Academy of Financial Monitoring” today signed a memorandum of partnership and cooperation in the field of training of anti-money laundering specialists.

Among the key points: it was agreed to develop a special training program for ARMA employees and the possibility of involving the agency's representatives as lecturers to conduct classes with representatives of the banking sector, law enforcement agencies and other participants of training programs on the activities and functions of ARMA.

“Effective management of seized assets requires highly qualified specialists. Through cooperation with the Academy, we will be able to improve the level of training not only for ARMA employees, but also for representatives of other institutions with which we interact. ARMA employees will share their successful experience in tracing illegally obtained assets both in Ukraine and abroad using practical cases,” emphasized the Head of ARMA Olena Duma.

The Head of ARMA noted that training in asset seizure planning is particularly important, as it will enable law enforcement agencies to receive advice on how to effectively manage assets and determine the best way to manage them. This will help preserve their economic value as efficiently as possible.

“The signing of the memorandum is an important step in the development of professional education in the field of financial monitoring. Our Academy has many years of experience in training specialists, and cooperation with the ARMA will expand the range of practical knowledge that our students receive,” said RostyslavMarchuk, Director of the Financial Monitoring Academy.

It is worth noting that ARMA is actively developing its educational activities. The agency has previously signed memorandums of cooperation with the National Academy of the Security Service of Ukraine, the National Academy of Internal Affairs and the State University of Trade and Economics (DTEK).

For reference. The Academy was established on December 13, 2004 to retrain and upgrade the skills of financial monitoring specialists in the field of combating money laundering and terrorist financing. The Academy is managed by the State Financial Monitoring Service of Ukraine, a national financial intelligence unit.