Bank of America is the latest to shut down accounts held by Wikileaks
Several financial institutions have refused to handle Wikileaks payments with Bank of America the latest to join their ranks.
Bank of American Corp said it will no longer process any transactions if they think they are to be used for the Wikileaks website. In a statement released by the bank on Saturday, they 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.”
Bank of America is the largest U.S. bank and they are joining other financial services like MasterCard, PayPal and Visa Europe.
Wikileaks has released mass amounts of U.S. diplomatic cables and they say their next move is to release documents with bank information.
Wikileaks posted a comment on Twitter saying there are many unethical practices happening in the U.S. banks. Many think Wikileaks is talking about Bank of America, primarily because of the twitter message that went on to say they are urging people to close their Bank of America accounts.
Wikileaks founder, Julian Assange, 39, is currently out on bail, fighting extradition to Sweden over sex offenses. U.S. Attorney General Eric Holder said they are considering using the U.S. Espionage Act. This act states that it is illegal to obtain this information solely for the purpose of harming the U.S.
