What are the asset recovery mechanisms at ARMA?

The process of returning assets is multi-stage, complex, long-term, related to the legal systems of countries and various legal bases and legal traditions, and therefore requires close cooperation at many levels. This is explained by the fact that the schemes used in the withdrawal of assets are related to complex financial transactions carried out through financial institutions of various foreign countries using dozens of fictitious companies registered in foreign jurisdictions.

Accordingly, identifying, investigating and proving a complete chain of financial transactions with illegal assets and establishing their final location requires a large number of investigative actions, examinations and dozens of requests for international legal assistance.

There is no single approach to the functioning of the asset recovery mechanism at the national and international level, but based on the successful experience of other countries, such as Switzerland, Great Britain, Canada and others, it can be argued that asset recovery requires complex legislative regulation, coordinated actions of national authorities and effective interstate cooperation.