Capital One asked a federal judge to dismiss the Trump Organization's lawsuit, arguing account closures in 2021 were due to a monthslong anti-money-laundering review, not retaliation for the Jan. 6 Capitol riot as claimed by Trump businesses.
Capital One Financial has formally stated in a court filing that it closed over 300 Trump Organization bank accounts due to anti-money laundering (AML) concerns, marking the first time a bank has publicly linked such issues to Donald Trump's business. This disclosure came as Capital One sought to dismiss a lawsuit by the Trump Organization alleging illegal "debanking" on political grounds.
Capital One Financial has defended its 2021 closure of over 300 Trump Organization bank accounts in a US federal lawsuit, stating the decision was made after an anti-money laundering review. This marks the first time a bank has formally tied AML concerns to the Trump family business.
Capital One defended its 2021 closure of Trump Organization accounts, citing anti-money laundering (AML) concerns in a Florida federal court filing. This marks the first time a bank formally linked AML issues to Trump's business, refuting claims of politically motivated debanking.
