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Bank of America decides to halt WikiLeaks payments

Bryan Alaspa's picture

The largest bank, in terms of assets, in the United States announced that it would no longer process payments intended for the controversial website.

The companies who have decided to no longer help fund the controversial website WikiLeaks continues to grow. Now, the largest bank in the United States, when rated by number of assets, Ban of America, has joined the ranks of PayPal, MasterCard and Visa Europe. The bank announced that it would no longer be processing payments for the website.

The website has become extremely controversial in recent years. Although members of WikiLeaks say that they are trying to create transparency in governments around the world, they have succeeded in angering a large number of diplomats, politicians and military leaders. Their most recent controversy has been releasing diplomatic cables that have proved embarrassing for countries like the United States.

The de-facto leader of WikiLeaks is Julian Assange. Assange was recently arrested while in London due to sexual misconduct accusations leveled against him in Sweden. The United States has stated that it is unhappy with the release of the diplomatic cables and several politicians have stated they would like to see Assange and other members of WikiLeaks brought up on charges. Assange was released on bail while fighting extradition to Sweden last week.

Bank of America, today, released a statement that said, “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.”

WikiLeaks, meanwhile, released information stating that it had information that would expose unethical practices by a major U.S. bank. It is thought that this bank might be Bank of America.

MasterCard, PayPal and Visa Europe also have cut off payments to the website. When those entities announced that payments would be cut off computer hackers sympathetic to WikiLeaks and Assange launched a cyber-attack against their websites. MasterCard and Visa experienced problems with their websites crashing but insist no information as compromised.

Today WikiLeaks issued a statement via Twitter that urged supporters and followers to leave Bank of America if they had accounts with them.

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