On February 18, ARMA launched a register of seized assets in test mode. It now has information on over two thousand assets.
This is stated on the Agency’s website.
The launch of this register is foreseen in the 2015 ARMA law. Its purpose is to summarize and promptly exchange information on assets obtained by crime. The register shall provide data on the assets seized, managed or sold within the framework of criminal proceedings, confiscation, proceeds from their sale, etc.
“Transparency International Ukraine has repeatedly emphasized the need for this register. Most of the assets in the management of the ARMA are sensitive, with special attention from the public drawn to them. Thus, launching the registry is really a step forward. There is still much work to be done to improve it and function properly. My colleagues and I will definitely test it and provide our findings later,” said the head of TI Ukraine legal department Kateryna Ryzhenko.
Incidentally, suggestions and concerns regarding the register can be sent by e-mail [email protected] (with the subject of the letter: “Proposals for the work of the Register”).
Let`s recall, on March 19, the Asset Recovery and Management Agency with the assistance of Transparency International Ukraine presented a list of seized assets. Among other things, it will be possible to find information on the number of assets transferred by the courts to the ARMA management, information on the status of management of the seized property and their geography.
This publication has been created with the support of the European Union. Its content is the sole responsibility of Transparency International Ukraine and does not necessarily reflect the views of the European Union.
Transparency International Ukraine works with the National Agency within the project Enhancing the Role of Civil Society in Public Finance Oversight, financed by the European Union. The project aims at empowering civil society and journalists with effective anti-corruption, asset recovery and anti-money laundering tools to perform the public finance oversight, support the launch of Asset Recovery and Management Agency (ARMA) and to update the list of Politically Exposed Persons. Find out more at https://goo.gl/Jgr9ic
Most of the assets in the management of the ARMA are sensitive, with special attention from the public drawn to them. Thus, launching the registry is really a step forward. There is still much work to be done to improve it and function properly. My colleagues and I will definitely test it and provide our findings later.
Kateryna Ryzhenko
