![](https://ti-ukraine.org/wp-content/uploads/2020/03/money_cover.png)
![](https://ti-ukraine.org/wp-content/uploads/2020/03/money_cover.png)
On March 3 ARMA had a public report about the results of the Office’s activities in 2019.
On March 3, the Asset Recovery and Management Agency (ARMA) publicly reported on its activities in 2019.
Here are some interesting facts about the work of the Agency.
- Thanks to the work of ARMA, Ukraine has been ranked in the TOP-5 countries by the number of international inquiries on the search for illegal assets.
- The agency received 1,685 requests to identify and search assets from law enforcement bodies.
- In 2019, 1,240 assets were transferred to the management of ARMA. Almost UAH 11 million filled the budget from the management of assets in 2019.
- Last year, nearly 170 million UAH of profit was received from the disposal of seized assets. UAH 14 million of interest on the deposit was accrued for these funds.
- A register of assets that were seized in criminal proceedings was put into test operation. This register is one of the most complex in Ukraine because it is filled with five sources.
Among the plans for the future, representatives of the agency noted that they will start drafting the ARMA development strategy for the coming years and improving asset management contracts. The disposal of assets will occur through ProZorro.Sale. ARMA will be also preparing relevant changes to legislation, improving cooperation with law enforcement bodies and potential managers.
It should be noted that the Anti-Corruption Committee hasn’t decided yet on the representatives of the Parliament in the commission, which will select a new Head of the ARMA.
According to the law, MPs have to delegate three of the 8 members. In addition to the Verkhovna Rada, one representative must be appointed by the Prosecutor General, Head of NABU, Ministers of Justice and Finance and the Head of the State Financial Monitoring Service of Ukraine.
This material is funded by the European Union and co-financed and implemented by the Ministry of Foreign Affairs of Denmark.