FTX US appoints Marissa MacDonald to lead compliance once NY charter comes through

Rick Steves

“The FTX team’s continued commitment to being proactive when it comes to both compliance and establishing clear regulatory frameworks is exciting and I’m looking forward to leveraging my expertise to help them achieve their ambitious goals.”

FTX US, which has applied this week to a trust charter, has announced the appointment of Marissa MacDonald to serve in the role of Chief Compliance Officer for the upcoming entity, FTX Trust Company, following the pending regulatory review and approval.

FTX US’s to-be formed New York State limited purpose trust company will count on the seasoned compliance professional to deal with the digital asset exchange’s compliance efforts in the state of New York once the trust charter application, filed with the New York Department of Financial Services, comes through.

Marissa MacDonald joins FTX Trust after most recently having served as the Chief Compliance Officer at Fidelity Digital Assets. She is a compliance specialist with experience in both traditional finance and digital assets during her fourteen-year tenure with Fidelity Investments. Her career in financial services spans over twenty years and started with Ernst & Young before joining Fidelity Investments.

FTX US leverages TRM Labs for compliance efforts

Brett Harrison, President of FTX US, said, “Marissa has spent her career leading and building best-in-class compliance programs while working alongside regulators. We could not be more excited for her to continue that work, now for the FTX family of businesses. Her experience working in both traditional financial services and digital assets will make her invaluable to our efforts.”

Marissa MacDonald, Chief Compliance Officer at FTX Trust, said: “After a rewarding tenure at Fidelity, I’m excited to dive deeper into the world of digital assets with one of the most regulatory forward and trusted exchanges in the space. The FTX team’s continued commitment to being proactive when it comes to both compliance and establishing clear regulatory frameworks is exciting and I’m looking forward to leveraging my expertise to help them achieve their ambitious goals.”

Compliance-wide, the U.S. regulated cryptocurrency exchange has recently implemented a full suite of anti-financial crime compliance and risk management tools developed by TRM Labs.

The cryptocurrency exchange has integrated TRM’s Transaction Monitoring and Forensics tools to monitor transactions on the platform amid the rapid growth and expansion of the firm.

TRM Labs is a blockchain compliance specialist that helps monitor for indicators of financial crime risk and investigate suspicious activity through integrated case management.

TRM’s risk intelligence platform is used by financial institutions, crypto businesses, law enforcement and regulatory agencies to monitor, detect and investigate financial crimes and fraud in the digital asset space.

The proprietary AML system ensures a complete and speedy analysis which is key for compliance teams who need to stay on top of a large number of cases. Providing automated alerts on high-risk activity speeds the process of source and destination of funds tracing for investigators.

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