Bank of America says it'll block payments for WikiLeaks

Charlotte ObserverDecember 18, 2010 

CHARLOTTE, N.C. — Bank of America Corp. Friday said it was joining other financial institutions in declining to process payments intended for WikiLeaks.

WikiLeaks has gained attention in recent months for revealing Pentagon and State Department secrets. Founder Julian Assange has also said he plans a "megaleak" involving a major bank, leading to speculation that Bank of America could be the target.

"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," the bank said in a statement.

"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."

Companies that have cut ties to WikiLeaks have faced cyberattacks from hackers who back Assange's organization. MasterCard, for example, said its Web site was brought down but that card transactions were not compromised.

Read the full story at charlotteobserver.com

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