Bank of America to Stop Processing Payments to WikiLeaks

Posted December 19th, 2010 by USNavySeals

Another source of funds to WikiLeaks has been cut, as Bank of America announced on Friday that it was suspending payments to the whistle-blower site, according to a report on The New York Times.

Julian AssangeThe Bank of America said the following in a statement: “Bank of America joins in the actions previously announced by MasterCard, PayPal, Visa Europe and others and will not process transactions of any type that we have reason to believe are intended for WikiLeaks… This decision is based upon our reasonable belief that WikiLeaks may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.

In response, WikiLeaks took to Twitter and called upon its supporters to boycott the bank: “All people who love freedom close out their accounts at Bank of America.”

The Times shared that investors were worried about the fact that Julian Assange may have been referring to the Bank of America when he hinted in an interview with Forbes that he had a “large cache of potentially embarrassing documents” from an American bank. Assange also said in 2009 that he had 5 GB worth of information from the hard drive of an executive of the Bank of America.

It can be recalled that when other financial institutions cut their ties with WikiLeaks, their websites became the target of cyber-attacks from WikiLeaks supporters; there is no telling what kind of retaliation the move of Bank of America may bring about. Mr. Assange, founder and CEO of WikiLeaks, is currently out on bail in Britain.

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