National Australia Bank Ltd. blocked some payments to “high-risk” crypto exchanges, joining the country’s other big lenders in curbing access to digital-asset platforms on concerns about risks from scams.
“These scammers are part of organized, transnational crime groups,” Chris Sheehan, executive for group investigations and fraud at NAB, said in a statement. “Increasingly, we’re seeing them use cryptocurrency platforms to send stolen funds quickly and often overseas.”
Westpac Banking Corp., Commonwealth Bank of Australia and Australia & New Zealand Banking Group Ltd. have also taken similar steps in the past few weeks. NAB labeled crypto scams a ...
