WikiLeaks Cut Off by Bank of America

(Ping! Zine) – Now placing its name among other financial institutions blocking WikiLeaks, Bank of America recently announced it is refusing transactions from the controversial non-profit group that has published secret government data and communications.

Bank of America released a statement on Sunday saying, “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.”

Afterwards, WikiLeaks was quick to respond by stating “We ask that all people who love freedom close out their accounts at Bank of America,” WikiLeaks said on its Twitter page. “Does your business do business with Bank of America? Our advice is to place your funds somewhere safer,” according to reports from cnet.

A story published in Forbes Magazine in November interviewed WikiLeaks founder Julian Assange said that WikiLeak’s next leak, due out early 2011, will involve at least one major American bank.

Assange, who was recently arrested for a warrant related to sex allegations, was released from a London prison on Thursday after posting bail of £200,000 and must wear an electronic tag. Meanwhile, the U.S. government is reportedly preparing a case against him for the organizations classified publishing’s. Assange announced on Friday he fears U.S. indictment soon.