Themis launches AML firm in Saudi Arabia 02 December 2024Saudi Arabia Reporter: Clelia Frondaroli
Image: Mohammed/stock.adobe.com
Themis, a firm specialising in financial crime prevention, has launched Tathabbat in Saudi Arabia.
Tathabbat aims to support Saudi financial institutions by providing know your finance (KYF) and know your customer (KYC) tools and solutions. The venture is said to play a crucial role in strengthening the Kingdom’s anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks, as well as enhancing transparency within Saudi financial institutions.
This also marks a significant milestone in Saudi Arabia’s compliance standards, and aligns with the Kingdom’s Vision 2030, which aims to provide a supportive business environment.
CEO of Themis, Dickon Johnstone, expresses: "Our investment in Saudi Arabia is a testament to the strategic importance of this region. With Tathabbat, we are committed to building a safer financial ecosystem by providing local institutions with cutting-edge tools to fight financial crime."
Ali Alasiri, CEO of Tathabbat, continues: "Saudi Arabia's Vision 2030 is transforming the region into a global financial hub. We are thrilled to partner with Themis to introduce Tathabbat, which will provide essential KYF support for businesses in this rapidly evolving market."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Mohammed/stock.adobe.com 