Themis, a global firm that’s focused on financial crime prevention, announces the official launch of Tathabbat.
This reportedly marks an important step in Saudi Arabia’s fast-growing compliance landscape, aligning with Vision 2030 as well as the Middle Eastern nation’s ongoing push to adopt innovative Know-Your-Finance (KYF) standards.
Tathabbat reportedly aims to empower Saudi financial institutions and designated non-financial businesses and professions (DNFBPs) by offering KYF/KYC tools as well as reliable solutions.
The venture will reportedly be expected to play a crucial role in bolstering the Kingdom’s anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks, strengthening “transparency and regulatory compliance as Saudi Arabia prepares for the 2026 FATF evaluation.”
Dickon Johnstone, CEO of Themis, expressed confidence in this expansion.
They said that their investment in Saudi Arabia is “a testament to the strategic importance of this region.”
With Tathabbat, they are committed to “building a safer financial ecosystem by providing local institutions with tools to fight financial crime.”
Ali Alasiri, CEO of Tathabbat, has highlighted the alignment with Saudi Arabia’s economic goals. Alasari has noted that Saudi Arabia’s Vision 2030 is transforming the region into “a global financial hub.”
They added that they are pleased to partner with Themis in order to introduce Tathabbat, which will now aim to provide “essential KYF support for businesses in this rapidly evolving market.”
The recent launch of Tathabbat signals Themis’ commitment to helping Saudi businesses with not only meeting high compliance standards but also “thrive in an increasingly regulated world.”
As explained in the announcement, Tathabbat helps businesses in Saudi Arabia with accurately identifying and managing Know Your Finance (KYF) risks via a combination of the latest technology, intelligence, research and data.
Tathabbat is reportedly being powered by Themis, which is a global company specializing in AML/CTF tech and corporate intelligence, ensuring businesses are “protected at every level.”