# Kord

> Kord is client onboarding and client funds infrastructure for UK law firms, conveyancers and estate agents. Firms run AML, identity and source of funds checks, then take and make payments in the same closed loop. Every Kord matter account sits on sort code 04-10-26, the Legal Transaction Sort Code.

Key facts about Kord

- Kord serves regulated firms. Clients of a firm use Kord when their firm asks them to.
- Kord Custody is a third party managed account (TPMA) under Rule 11 of the SRA Accounts Rules 2019. It is provided by Kord Pay Limited, registered with the FCA as a small payment institution (FRN 929773).
- Client funds are safeguarded at ClearBank and other banking partners.
- Money in a Kord matter account is not the firm's client money, because the firm never holds or receives it.
- Each matter has its own account with its own account number on 04-10-26, the UK's first sort code dedicated to legal transactions.
- Every payment needs maker and checker approval. Return of Funds and Hold for Review are available, off by default, and each firm chooses to switch them on.
- Firms can rely on Kord Pay's customer due diligence under Regulation 39 of the Money Laundering Regulations 2017 through Kord Reliance.
- Checkboard Limited, part of the Kord group, is authorised by the FCA (FRN 950508).

## Products

- [Kord Custody](https://kord.com/products/third-party-managed-account-solution/): Third party managed accounts, one account per matter on 04-10-26, as an alternative to the firm's own client account.
- [Kord Data](https://kord.com/products/client-due-diligence-software-kord/): Client due diligence, with AML checks, ID verification and source of funds in one onboarding flow.
- [Kord Reliance](https://kord.com/products/aml-reliance/): Regulation 39 reliance on Kord Pay's customer due diligence.
- [Kord Pay](https://kord.com/products/secure-payment-service/): Payments in and out with line-by-line reconciliation.
- [Kord Proof](https://kord.com/products/aml-audit/): Audit-ready reports that evidence every check.
- [All products](https://kord.com/products/)
- [Developers and API](https://kord.com/developers/)

## For law firms, conveyancers and estate agents

- [Kord for law firms](https://kord.com/law-firms/): Onboarding, compliance and payments on one infrastructure.
- [Switch checker](https://kord.com/switch/): Enter a client account sort code and see the pathway to 04-10-26.
- [04-10-26 walkthrough](https://kord.com/account-walkthrough/): How matter accounts on the Legal Transaction Sort Code work.
- [Three ways law firms handle client money](https://kord.com/three-ways-law-firms-handle-client-money/): A client account, a TPMA, and matter accounts on Kord, compared.
- [TPMA provider for law firms](https://kord.com/services/tpma-provider/)
- [AML checks for solicitors and law firms](https://kord.com/solutions/aml-solicitors/)
- [AML checks for conveyancers](https://kord.com/solutions/aml-checks-for-conveyancers/)
- [AML checks for estate agents](https://kord.com/solutions/anti-money-laundering-checks-for-estate-agents/)

## Buyer's guide. How to choose a TPMA and onboarding provider

- [Buyer's guide overview](https://kord.com/buyers-guide/)
- [1. The decision you are about to make](https://kord.com/buyers-guide/chapter-1/)
- [2. Regulatory footing and protection](https://kord.com/buyers-guide/chapter-2/)
- [3. Account structures and what they mean for a matter](https://kord.com/buyers-guide/chapter-3/)
- [4. Payments, how money gets in, how it gets out, and what stops it going wrong](https://kord.com/buyers-guide/chapter-4/)
- [5. Identity, source of funds and who carries the liability](https://kord.com/buyers-guide/chapter-5/)
- [6. Stability, security and resilience](https://kord.com/buyers-guide/chapter-6/)
- [7. For fee earners, what the day looks like](https://kord.com/buyers-guide/chapter-7/)
- [8. Commercials, onboarding, integration and support](https://kord.com/buyers-guide/chapter-8/)
- [9. Summary, your provider checklist](https://kord.com/buyers-guide/chapter-9/)

## Checks

- [AML checks](https://kord.com/services/aml-solution/)
- [KYC checks](https://kord.com/services/kyc-check/)
- [KYB checks](https://kord.com/services/kyb-check/)
- [PEPs and sanctions screening](https://kord.com/services/peps-and-sanctions-check/)
- [Electronic ID verification](https://kord.com/services/id-verification-software/)
- [Source of funds checks](https://kord.com/services/source-of-funds-check/)
- [HMLR Safe Harbour standard](https://kord.com/services/safe-harbour-standard/)

## Guides for firms

- [The SRA Accounts Rules explained](https://kord.com/blog/sra-accounts-rules-explained/)
- [How to open a client account, and the modern alternative](https://kord.com/blog/how-to-open-a-client-account/)
- [Third party managed accounts don't mean losing control](https://kord.com/blog/tpma-dont-mean-losing-control-of-client-money/)
- [What the new pooled client account rules mean](https://kord.com/blog/pooled-client-account-rules-conveyancing-litigation/)
- [What does a legal cashier do?](https://kord.com/blog/legal-cashier-role-rules-changing/)
- [Five weeks vs every day, how quickly each regulator can see a problem](https://kord.com/blog/five-weeks-vs-every-day-how-quickly-each-regulator-can-see-a-client-money-problem/)
- [The SRA consumer protection review](https://kord.com/blog/sra-consumer-protection-review/)
- [AML checks for solicitors](https://kord.com/blog/aml-checks-for-solicitors/)
- [Source of funds checks for solicitors](https://kord.com/blog/source-of-funds-checks-for-solicitors/)
- [Source of funds in conveyancing](https://kord.com/blog/source-of-funds-conveyancing/)
- [Source of wealth vs source of funds](https://kord.com/blog/blog-source-of-wealth-vs-source-of-funds/)
- [CDD vs EDD vs SDD](https://kord.com/blog/cdd-edd-sdd-due-diligence/)
- [KYC for law firms](https://kord.com/blog/kyc-for-law-firms/)
- [Safe Harbour and Regulation 39](https://kord.com/blog/safe-harbour-regulation-39-compliance-advantage/)
- [Automated bank reconciliation for law firms](https://kord.com/blog/automated-bank-reconciliation-software/)

## For clients of law firms

- [Is Kord legitimate?](https://kord.com/clients/is-kord-legitimate/)
- [How to check a payment request from Kord is genuine](https://kord.com/clients/is-this-payment-request-genuine/)
- [Paying your solicitor through Kord](https://kord.com/clients/paying-your-solicitor-through-kord/)

## Company

- [About Kord](https://kord.com/company/about/)
- [Pricing](https://kord.com/pricing/)
- [Book a demo](https://kord.com/company/book-a-demo/)
- [Contact](https://kord.com/company/contact/)
- [Privacy policy](https://kord.com/legal/privacy/)
- [Terms and conditions](https://kord.com/legal/terms-and-conditions/)

## Optional

- [Case studies](https://kord.com/case-studies/)
- [Blog](https://kord.com/blog/)