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Fortress Trust Announces Richard Booth has Joined as Chief Compliance Officer (CCO), Enhancing a Customer-First Approach to RegTech

Wednesday, 03 May 2023 03:00 PM

LAS VEGAS, NV / ACCESSWIRE / May 3, 2023 / Fortress Trust is proud to announce its new Chief Compliance Officer, Richard Booth, a seasoned compliance and risk professional with over 20 years of experience in the banking industry. His expertise in risk and compliance, combined with his customer-centric background, make him the ideal candidate to lead the Fortress Trust compliance team.

Rich's experience as a compliance executive at prominent institutions such as UBS, and Signature Bank, as well as his founding member role at Western Alliance Bank's Blockchain & Digital Assets group, give him the expertise to lead Fortress Trust into a new era of regulatory compliance. He has helped integrate 24/7/365 fiat settlement platforms at two financial institutions, a significant accomplishment that will benefit Fortress Trust's clients.

With his extensive experience in managing high-risk accounts, coupled with his customer-centric background, Rich is the ideal candidate to oversee operations and innovation as businesses grow quickly in compliance with regulations. During his career, Rich has earned the highest designations in the banking industry, including the Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), and Certified Mortgage Banker (CMB), and is a sought-after industry speaker who has provided expert testimony at a congressional sub-committee hearing on GSE reform.

Booth's commitment to excellence and innovation shines through in all aspects of his life. As an accomplished skier and triathlete, he has competed in 12 triathlons, including the grueling Ironman 70.3 and Ironman 140.6 events. His determination and commitment to his goals make him a perfect match for the forward-thinking culture at Fortress Trust.

"We are thrilled to welcome Richard Booth to our team as Chief Compliance Officer," said Albert Forkner, Fortress Trust CEO. "His extensive experience and expertise will be invaluable in our efforts to continue providing innovative solutions for our clients. We are confident that his appointment will pave the way for groundbreaking regulatory solutions, allowing us to lead the industry."

Fortress Trust is excited to have Richard Booth as Chief Compliance Officer, and his appointment is a clear signal of the company's commitment to staying at the forefront of regulatory compliance. His extensive experience and expertise will be invaluable in the company's efforts to continue providing innovative solutions for its clients, and the company is confident that his appointment will pave the way for groundbreaking regulatory solutions.

About Fortress:

Fortress is a Nevada State Chartered Trust Company that provides leading web3 infrastructure solutions for brands and builders to build on/off-ramps, self-custody wallets, as well as fungible and non-fungible token programs. Fortress is the back-end infrastructure layer for a variety of leading Fintech, Web2, and Web3 products and enables clients to bring their Web3 initiatives to market in a quick and compliant manner. Check us out at, or on Linkedin and Twitter.

Media Inquiries:

For media inquiries, please contact [email protected], our Marketing Director. We look forward to hearing from you.

SOURCE: Fortress Trust

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