The National Bank of Ukraine (NBU) and the National Securities and Stock Market Commission (NSSMC) share oversight vis-à-vis the different groups of financial institutions, as follows: 

Ukraine has a two-tier financial monitoring system: (i) the initial financial monitoring that is carried out by banks and non-banking financial institutions (IMIs); and (ii) state-level financial monitoring. The bodies of the second tier (state level) govern and supervise the activities of IMIs. The key enforcement role in the second tier belongs to the State Service of Financial Monitoring, which is regarded as a central body of the executive power acting as the financial intelligence unit. Both the NBU and the NSSMC (along with other competent authorities) act as additional second-tier agencies that carry out the regulatory and oversight functions vis-à-vis the respective IMIs.