TABLE OF CONTENTS


Summary

We’ve made a series of enhancements to KYB Unwrap in outsource. These updates don’t change your workflow or how we manage your KYB checks, but they provide clearer visualisations and more insight into ownership structures, making it easier for you to review the information we provide. 

All existing structures and data remain intact. You can continue working as usual.

What has changed

  • Updated tags that highlight ownership, control and governance roles
  • UBO (Ultimate Beneficial Owner) Rules
  • Share Classes and Voting Rights support
  • Company Structure Focus Mode, and Filters


Who should read this page?

Daily users and Case Reviewers: Learn how to read the new tags, how ownership is shown, and how to use the improved structure and manifest tools.


Understanding the new tags

New visual tags help you understand roles, risks and ownership at a glance. These labels improve structure readability and make it easier to identify who holds control or significant ownership.

Common tags include:



Ultimate beneficial owner (UBO) rules

UBO Rules allow your organisation to define exactly how UBOs should be identified across all cases. Please note that First AML will apply a default threshold (see below) for our customers based on the local regulatory requirements unless otherwise instructed.

  • Australia: 25% and over
  • New Zealand: Over 25%
  • United Kingdom: Over 25%


Share classes and voting rights

Share classes give you a more accurate representation of ownership when entities have different rights across classes of shares. Equity and voting rights often differ, so this enhancement ensures the platform reflects ownership and control properly.

Why this matters

  • Some shareholders may have high voting rights with low equity

  • Some may hold non-voting shares

  • Multi-class structures often change who qualifies as a UBO

  • Accurate voting information improves threshold logic and UBO decisions

How Share Classes work

  • Each shareholder can have one or multiple classes of shares

  • Equity and voting rights can be entered separately

  • When a shareholder holds multiple classes, these appear in a list

  • Ownership propagation respects voting and equity values

Company structure Focus Mode

Focus Mode allows you to display only the entities and relationships that are important to your review.

This is particularly useful when:

  • The structure contains many small shareholders

  • You are reviewing only a specific line of ownership

  • You need a clean view for internal or external stakeholders

By selecting the elements that matter and enabling Focus, the structure hides the rest.