THE DAILY TELEGRAPH: Bank of America has halted all transactions for WikiLeaks, joining other institutions that refuse to process payments for the website that has exposed a trove of US government cables.
"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 largest US 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."
Bank of America spokesman Scott Silvestri declined to comment beyond the official statement.
The action comes weeks after WikiLeaks founder Julian Assange claimed in an interview with Forbes magazine that a "megaleak" by the website will target a major US bank "early next year."
He has previously said that he has a treasure trove of documents on Bank of America, whose shares tumbled more than three per cent on November 30 shortly after the Forbes interview was released. Read on and comment >>> | Saturday, December 18, 2010
