25 Oct 2011

Money woes halt Wikileaks publishing

9:15 am on 25 October 2011

The whistle-blowing group Wikileaks says it is suspending its publishing operations because of financial problems.

The move follows what the group calls a financial blockade by United States-based finance companies.

Wikileaks founder Julian Assange says businesses including Mastercard, Visa and American Express have been refusing to process payments to the group.

The action was taken after Wikileaks began publishing hundreds of thousands of secret United States Government files and diplomatic cables.

Mr Assange says the banking bans have destroyed 95% of his website's income.

He says if the group does not find a way to stop the blockade it will have to fold by the end of the year.