The Asset Recovery and Management Agency has completed the latest round of monthly monitoring regarding the compliance of asset managers with the legal requirements and contractual obligations under seized asset management agreements for March 2025.

During the 27 desk inspections, a number of recurring violations were identified, including:

• failure or untimely submission of mandatory reports;
• incomplete or inaccurate disclosure of asset management results in reporting documentation;
• delayed transfer of income from asset use to the State Budget of Ukraine;
• failure to provide primary financial documents supporting declared expenditures.

As a result of the audit, binding compliance recommendations were issued to managers to rectify the identified deficiencies and ensure full alignment with the applicable legislation and the terms of the respective management contracts.

Furthermore, several cases demonstrated indications of systemic non-compliance, requiring enhanced oversight. Consequently, on-site inspections are scheduled for May 2025 to conduct a more detailed review of selected cases.

ARMA emphasizes that the management of seized assets must be carried out in a manner that is lawful, transparent, and results-oriented, with a focus on not only securing stable revenue for the state but also maximizing returns. Under martial law, every additional financial resource is of strategic importance to support the economic resilience of Ukraine.