On July 27, President Volodymyr Zelensky signed bill 12374-d, which amends Ukraine's legislation to strengthen the capabilities of the National Agency for Asset Recovery related to corruption and other crimes.

The corresponding bill No. 4503-IX has been returned to Parliament with the President's signature, available on the official VR website.

On February 12, the Ukrainian parliament supported bill No. 12374-d in its first reading, aimed at eliminating gaps and corruption risks in the legislation governing the National Agency for Asset Recovery and Management (ARMA).

According to the explanatory note, the purpose of this law is to create economically effective and corruption-resistant conditions for managing seized assets while correcting existing institutional deficiencies that hinder ARMA's effective operation.

As reported by the Accounting Chamber on December 25, 2024, the outcomes of ARMA's activities do not fully meet the expectations aimed at establishing transparent and effective mechanisms for formulating and implementing state policies in asset management.

Lawmakers suggest introducing mechanisms to engage professional managers from among arbitration managers and private executors. There is also a proposal to automate the system for determining asset managers.

Furthermore, it is proposed that ARMA manages assets whose value likely exceeds a threshold (greater than 200 times the minimum subsistence level for working-age individuals) and for which management is economically justified.

Among other things, the bill proposes to establish a transparent selection process for the head of ARMA and to initiate an independent external evaluation of the agency's effectiveness.