Bank of America has banned transactions to whistle-blower site Wikileaks since Friday, according to media reports. The Obama Administration earlier urged financial organizations to sever ties with the site for illegally releasing confidential US diplomatic cables.
The McClatchy newspapers quoted a statement from the bank as saying, "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."
Wikileaks founder Julian Assange earlier stated that confidential information involving a bank would be made public through the website in January next year. Bank of America shares took a hit after investors and media suspected that it was the next target of the whistle blower site. Wikileaks, last year, announced that it was in possession of an executive hard drive of the bank.
We ask that all people who love freedom close out their accounts at Bank of America
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