Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump
Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization’s bank accounts years ago, stating that it did so after a review by anti-money-laundering experts.
The disclosure marks the first time a bank has formally tied money-laundering concerns to Donald Trump’s family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking – or denying services on religious or political grounds – the Trump Organization.
Source: Theguardian.com
Original source: https://www.theguardian.com/us-news/2026/aug/01/capital-one-trump-organization-money-laundering