Compliance Reviews

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Compliance Reviews are the new way to refer to what we used to call Business Verifications. The Compliance Review process is managed by the Compliance API which is currently in Beta.

Compliance Reviews

A Compliance Review is the unit of work for advancing an organization's KYC standing on the Mural platform. Before an Organization can transact, it must complete at least one Compliance Review to establish a verified identity Tier. Compliance Reviews will be replacing Business Verifications over the next month. Check back in for more updates.

How it works

Compliance reviews follow a simple four-step flow, all of which can be done via our Compliance API:

1. Create a Compliance Review — specify the Tier you are requesting. The review begins in draft status and tells you exactly which attestations are required. See the requiredAttestations parameter in the response when you create the Compliance Review.
2. Upload attestations — submit the required KYC data to the review. Attestations are saved immediately and can be re-uploaded to apply corrections before submitting.
3. Submit for review — once all required attestations are uploaded, submit the review. Mural validates the attestations and begins a compliance evaluation.
4. Check status for your review — you can either query the Compliance Review or Organization to get your overall KYC status or subscribe to the business verification status changed webhook event.

Tiers

Light

Lightweight KYC requiring personal information only (name, date of birth, nationality, phone, residential address). Enables a subset of payment rails up to a configurable transaction threshold.

Standard

Full KYC. Unlocks all payment rails with no transaction threshold. Submitted via https://developers.muralpay.com/v1.39/update/reference/createorganizationverification, not through the compliance review flow.