Measure

3.3.3.5.2. Putting the Unified State Register of Assets Seized in Criminal Proceedings into permanent (commercial) operation

Measure status:

Implemented

Actual execution date:

25.08.2023

The measure is aimed at achieving ESR:

3.3.3.5. Oversight of ARMA’s activities by the Public Council at ARMA has been strengthened, and transparent public accounting of assets under management has been ensured, including the publication of up-to-date information on their condition and characteristics

Problem solving:

3.3.3. The legislation governing the activity of the ARMA contains numerous gaps and corruption risks. Low effectiveness of the processes of transferring assets to ARMA for management to preserve their economic value, as well as the processes of combating and preventing money laundering

Deadlines:

01.03.2023 - 29.02.2024

Responsible implementors (authorities):

The main implementer: Asset Recovery and Management Agency

Sources of funding:

state budget

Volumes of financing (thousand UAH):

within the established budget allocations for the relevant year

Performance indicator:

The Unified State Register of Assets Seized in Criminal Proceedings has been put into commercial operation.

Implementing status

Progress/Result of implementation:

By order of the National Agency of Ukraine for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (hereinafter - the Asset Recovery and Management Agency) dated January 30, 2023 No. 18, the Unified State Register of Assets Seized in Criminal Proceedings (hereinafter - the Register) was put into commercial operation.

By order of the Asset Recovery and Management Agency dated August 25, 2023 No. 187 public access to the Register's data was restored .

According to the information provided by the Asset Recovery and Management Agency, "the opening of the Register comply with the open data policy and practice of the european offices for the investigation and management of illicit assets (ARO/AMO). The Asset Recovery and Management Agency has made significant efforts for data security, primarily regarding strategic assets and critical infrastructure facilities. In particular, thousands of records have been checked to prevent the publicizing of information about military facilities, information on the names and descriptions of critical infrastructure assets has been limited. The Asset Recovery and Management Agency has also consulted with all authorized agencies and taken into account their caveats. And only after reaching a full consensus on the possibility of opening of the Registry, public access to it is finally ensured. Using the open Registry, the Asset Recovery and Management Agency demonstrates its openness to cooperation with potential managers, opens space for them to invest, expects an increase in demand for seized property and a corresponding increase in revenues to the budget. In addition, the functioning of a mature and secure public Register means that the Asset Recovery and Management Agency does not hide either information about assets or how they are managed."

Monitoring results (quarterly):

16.11.2023:
The measure was not implemented on time and in full
10.08.2023:
Implementation of the measure has started on time

Additional sources of information: