Capital One says it closed Trump Organization accounts over money-laundering concerns

The bank is asking a judge to permanently dismiss a lawsuit from Trump-affiliated businesses, arguing a monthslong internal review — not the Jan. 6 riot — explains why hundreds of accounts were shut down in 2021.

By Willem Marx

Capital One cites anti-money laundering concerns in Trump Organization case

Capital One says Trump Organization account closures in 2021 followed review by anti-money-laundering team.

Capital One cites money laundering probe to justify closure of Trump Organization bank accounts

Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts in 2021, stating that it did so after an anti-money laundering review. Lawyers for the Trump Organization had alleged in response that the accounts had been closed for political reasons. The ‌disclosure marks the first time a bank has formally tied money laundering concerns to US President Donald Trump's family business.

By FRANCE 24

Capital One says it closed over 300 Trump Organization accounts after anti-money laundering probe

Capital One first notified the Trump Organization of its intention to close more than 300 affiliated bank accounts in March 2021

By Kenrick Cai

Capital One cites money laundering review in Trump-related suit

The bank said the internal review was triggered by "transaction patterns" that "are among the types of activity flagged by federal banking guidance."

Trump organisation's accounts closed after anti-money laundering probe, bank says

It marks the first time a bank has formally tied money laundering concerns to President Trump's...