Illicit Financial Flows and Asset Recovery in Ukraine
June 18, 2021

Illicit Financial Flows and Asset Recovery in Ukraine

This report is a part of a series of studies on Illicit Financial Flows (IFFs) and Asset Recovery, implemented be the EU and the United Nations Interregional Crime and Justice Research Institute (UNICRI). The study on IFFs in Ukraine provides a useful roadmap for policymakers, as well as prosecutors and police, to hunt down the assets of those involved in organised criminal activity.

The principal criminal activities in Ukraine include illicit drug trafficking, human trafficking, exploitation of natural resources, illicit arms trafficking, cybercrime and tax evasion. Additionally, Russian military aggression is perceived to be a contributing factor for organised criminal activity. Ukraine has invested in measures to combat the nexus of corruption, organised crime and IFFs, and created a specific agency – the Asset Recovery and Management Agency (ARMA). However, Ukraine should ensure greater transparency and independence of this and other agencies, particularly on seizure and confiscation of large amounts of criminal assets, and on channelling them to high-priority development needs.



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