The Cabinet of Ministers of Ukraine has adopted a decision to establish a Commission to conduct an external audit of the Asset Recovery and Management Agency (ARMA).
Following the Cabinet meeting, the Government decided to initiate an independent external evaluation (audit) of the effectiveness of ARMA’s activities.
According to the decision, a Commission will be formed to carry out the independent evaluation of ARMA’s performance. The Commission will include representatives of international partners who, over the past three years, have supported Ukraine in the areas of anti-corruption, law enforcement reform, and asset tracing and management.
By protocol decision, the following tasks were assigned:
- The Secretariat of the Cabinet of Ministers is to prepare, within 10 days, a list of international partners that have provided relevant support to Ukraine;
- The Ministry of Foreign Affairs and the Ministry of Justice are to reach out to these partners with invitations to nominate candidates for the Commission.
The external audit is mandated by the new version of the Law on ARMA Reform, which entered into force on 30 July 2025. Its purpose is to provide an independent assessment of the Agency’s effectiveness, institutional capacity, and compliance with international standards for the management of seized assets.
The audit results will serve as a foundation for strengthening ARMA’s institutional development and shaping long-term management decisions in the field of asset management.
“Forming the Commission with the involvement of international partners will ensure the objectivity of the evaluation, and the audit results will determine the directions of ARMA’s further institutional development,” noted ARMA’s Acting Head, Yaroslava Maksymenko.
It should be recalled that conducting an external audit is one of the key tools of ARMA’s reform, alongside the introduction of a new competitive procedure for selecting the Agency’s leadership, improvement of asset management mechanisms, and integration of new electronic monitoring tools.
