TABLE OF CONTENTS


Summary

A major upgrade has arrived for unwrapping companies. The new experience gives you clearer ownership visibility, more flexibility in how ultimate beneficial owners (UBOs) are identified, and cleaner views when working with large or complex structures. The goal of this release is to make your reviews faster, easier to interpret, and more aligned with your internal compliance expectations.

This page explains what is new, why it matters, and how to use the updated features.

What has changed

New configuration options for admins:

  • UBO Rules
  • Custom ownership and voting thresholds
  • Auto-Unwrap settings
  • Share Classes and Voting Rights support

New workflow improvements for day-to-day users:

  • Updated tags that highlight ownership, control and governance roles
  • Entity Summary
  • Company Structure Focus Mode
  • Manifest filters
  • Cleaning of noisy or irrelevant individuals and entities within the structure

All existing structures and data remain intact. You can continue working as usual. Admins can choose to update their settings at any time.


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.


  • Admins or Compliance Leads:
    Learn how to configure UBO Rules, unwrap behaviour and thresholds so the KYB experience matches your AML Programme.


Getting started: Suggested order

We recommend reviewing the features in this order:

  1. Understanding the new tags
  2. UBO Rules and ownership thresholds
  3. Auto-Unwrap
  4. Share Classes and Voting Rights
  5. Entity Summary
  6. Company Structure Focus Mode
  7. Manifest Filters

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:

These tags help you quickly understand the role of each party and reduce the need to expand deep into the structure to locate high-impact individuals.


Ultimate beneficial owner (UBO) rules

UBO Rules allow your organisation to define exactly how UBOs should be identified across all cases. Instead of analysts calculating holdings manually or applying judgment inconsistently, your configured thresholds and unwrap logic are applied automatically and uniformly.

Source uses the number of shares, not percentages, to ensure accurate UBO calculations. Without the correct number of shares, any shareholding will be excluded from the UBO calculation. An entity may appear in this section if the registry did not provide share information, the entity was retrieved from a case using percentages, or it was manually created by a user. 

This reduces interpretation differences, supports governance, and helps ensure your UBO determination aligns with your AML Programme.

Before you start

  • You must be an Admin or have KYB Configuration permissions.
  • Review your AML Programme to ensure thresholds reflect your policies.


How to create a UBO Rule



Step 1. Open UBO Rules

  • Go to Settings, then KYB Configuration, select UBO Rules.
  • Select Create New Rule.

Step 2. Name and set the rule scope

Give the rule a clear name and choose where it should apply. For example:

  • High Risk Jurisdiction Rule
  • Standard 25% Ownership Rule
  • Voting Control Rule

Step 3. Configure thresholds and criteria

  • Set ownership or voting thresholds that determine who should be considered a UBO.
  • You can create different rules for different scenarios, such as lower thresholds for high-risk jurisdictions.

Step 4. Save the rule

Your rule will apply to new cases from this point onwards.


Auto-Unwrap

Auto-Unwrap helps you decide how much of a structure should be automatically expanded when performing CDD. This reduces noise and stops structures from displaying dozens of entities that hold only very small percentages.

Auto-unwrap works by unwrapping entities only when they meet or exceed a set percentage of shareholding. For example, if your threshold is 25%, an entity must hold at least 25% before it will unwrap. 

Key benefits

  • Reduces clutter from small shareholders
  • Avoids unnecessary manual expansion
  • Keeps attention on meaningful entities
  • Works consistently across all cases

How Auto-Unwrap Works

Auto-Unwrap uses the conditions you set in Settings to determine which entities should be expanded and how far down the structure the expansion should go. For more on Auto-Unwrap, see here.


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

Note: Where there is only 1 share class, e.g. Ordinary, we will automatically apply a default of 1 share = 1 vote, to simplify the UBO calculation.


  • 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
  • UBO Rules and Auto-Unwrap use the correct rights for calculations



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

Select the filter icon and then choose which relationship types you want to see. Click 'Focus' to apply the filter and 'Exit Focus' to remove the filter.

Manifest filters

The Manifest has been updated with new filters to help you quickly isolate key parties. You might filter by:

  • UBOs
  • PSCs
  • Individuals
  • Entities that meet your threshold
  • Entities requiring further action


These filters are designed to reduce review time and make it easier to navigate complex cases.