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NAB's policies in relation to banking the sex industry - NAB
17 January 2023
Company Announcements
Policy outlines approach to specific industry
- NAB does provide banking services to sex workers as individuals. There is no plan to change this policy.
- NAB’s High Risk ESG Sectors and Sensitive Areas list prohibits lending or providing banking services to brothels and escort agencies due to the complexity of laws, licensing and oversight regimes across states and territories.
- This is a risk-based decision made to ensure NAB meets legislative requirements, as NAB has determined a higher likelihood of illegal activity, including money laundering and human rights abuse.
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