Themis Expands into Saudi Arabia

Themis has announced the launch of Tathabbat, marking a pivotal step in Saudi Arabia’s compliance landscape. This expansion aligns with the nation’s Vision 2030 initiative and its drive to implement world-class Know-Your-Finance (KYF) standards.

Tathabbat is set to empower Saudi financial institutions and designated non-financial businesses and professions (DNFBPs) with advanced KYF/KYC tools and solutions. The firm aims to bolster the Kingdom’s anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks, enhancing transparency and regulatory compliance ahead of Saudi Arabia’s 2026 FATF evaluation.

Dickon Johnstone, CEO of Themis, emphasized the significance of the move:
“Our investment in Saudi Arabia underscores the region’s strategic importance. Through Tathabbat, we are committed to creating a safer financial ecosystem by equipping local institutions with innovative tools to combat financial crime.”

Ali Alasiri, CEO of Tathabbat, highlighted the alignment with Saudi Arabia’s economic vision:
“Vision 2030 is transforming Saudi Arabia into a global financial hub. We are excited to partner with Themis to bring Tathabbat’s essential KYF support to businesses in this dynamic market.”

The launch of Tathabbat reinforces Themis’ dedication to enabling Saudi businesses to meet stringent compliance standards while thriving in an increasingly regulated global economy.