Explore BrainMass

Explore BrainMass

    Business Ethics

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Banking on WikiLeaks

    We all know WikiLeaks as the online site that posts information on it's website that governments consider classified. But they also post internal memos and information on banks and other large corporations. This clearly can have a negative impact on the banks. Visa, MasterCard, PayPal and others are refusing to process payments for WikiLeaks for what seem to be political reasons.

    Whatever one thinks about what WikiLeaks does, the precedent clearly shows how much power financial companies have in the political arena. Is it right for the financial sector to decide which political groups can operate and which can not? Or is this just a matter of normal business risk recution?

    Question: Should Bank of America refuse to process payments and do business with WikiLeaks?

    © BrainMass Inc. brainmass.com June 4, 2020, 1:19 am ad1c9bdddf
    https://brainmass.com/business/business-philosophy-and-ethics/business-ethics-392874

    Solution Preview

    Bank of America is a private business and thus it is not obligated to do business with any entity that it does not want to do business with. While we live in a free society and we want to have the freedom to do whatever we want to do, we have to understand that this right falls to others in society as well, which includes ...

    Solution Summary

    Banking on WikiLeaks

    We all know WikiLeaks as the online site that posts information on it's website that governments consider classified. But they also post internal memos and information on banks and other large corporations. This clearly can have a negative impact on the banks. Visa, MasterCard, PayPal and others are refusing to process payments for WikiLeaks for what seem to be political reasons.

    Whatever one thinks about what WikiLeaks does, the precedent clearly shows how much power financial companies have in the political arena. Is it right for the financial sector to decide which political groups can operate and which can not? Or is this just a matter of normal business risk recution?

    Question: Should Bank of America refuse to process payments and do business with WikiLeaks?

    $2.19

    ADVERTISEMENT