Capital One closed Trump's accounts in 2021 due to suspected money laundering, as revealed in a court filing. Trump alleges political motives, suing for illegal account closure.
Capital One disclosed in a court filing that it closed bank accounts held by US President Donald Trump in 2021 after flagging financial activity with characteristics of money laundering. Trump's holding company had sued the bank, alleging the closures were politically motivated.
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 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.
Former Hong Kong fencer Chiu Man-to was sentenced to three years and four months in prison for laundering over HK$10 million through mule accounts. He admitted to using five bank accounts between August 4-27, 2021, profiting HK$4,000 from the scheme.
Switching broadband, pay TV, energy suppliers, and bank accounts can save hundreds of pounds. Regulators have simplified the process, with Ofcom fining Virgin Media £28m for contract cancellation issues. Ofgem has also streamlined energy switching. The Current Account Switch Service automates transfers for banks.
Switching broadband, TV, energy, and bank accounts can save hundreds of pounds. Regulators have simplified the process, with Ofcom's One Touch Switch for broadband and Ofgem's streamlined system for energy. Banks also offer incentives for switching main current accounts, with the Current Account Switch Service handling transfers automatically.
Switching broadband, pay TV, energy, and bank accounts can save hundreds of pounds. Regulators have simplified the process, with Ofcom fining Virgin Media £28m for hindering contract cancellations. Ofgem has also streamlined energy supplier changes. The Current Account Switch Service automates transfers for banks.
Conor McGregor returns to MMA in Las Vegas after a prolonged hiatus, facing Max Holloway. The fight is seen as more of a financial move for McGregor and TKO Group Holdings than a bid to regain lost glory or improve his standing, amidst ongoing controversies and a shifting public perception in Ireland.
Police recovered cash, gold jewelry, and a car during searches at the Ayodhya residences of three accused in the Ram Mandir donation theft case. Fifteen bank accounts of relatives were also frozen as part of a wider financial probe into transactions disproportionate to known income sources.
Police recovered cash, gold jewelry, and a car during searches at the Ayodhya residences of three arrested accused in the Ram Mandir donation theft case. Fifteen bank accounts of relatives were also frozen as part of a wider financial probe.
The Calcutta High Court has granted conditional access to the Trinamool Congress's bank accounts, allowing withdrawals for daily expenses and legal matters. Funds can be accessed via cheque with counter-signatures from a court-appointed observer, retired Justice Subrata Talukdar, who will monitor all transactions.
Rebel TMC MLA Ritabrata Banerjee announced plans to approach the Supreme Court after the Calcutta High Court permitted the Mamata Banerjee-led TMC to temporarily operate three frozen bank accounts. The accounts were frozen as part of a money laundering probe linked to alleged financial irregularities.
The Enforcement Directorate (ED) has frozen Rs 440 crore in three TMC bank accounts in HDFC Bank as part of a money laundering investigation. The funds were allegedly used to purchase an aircraft and a helicopter for Rs 112 crore through a Kolkata-based company, Carewell Aviation.
A Ukrainian intelligence officer and an accomplice were detained in Ukraine for their alleged involvement in the attempted assassination of businessman Vadim Yermolayev in Monaco. Investigators found financial transfers to the victim's cryptocurrency wallets and bank accounts.
UK banks are failing vulnerable customers, including the homeless, by pushing them towards unsuitable online applications instead of offering basic bank accounts. The FCA found a third of customer experiences with these accounts were poor or very poor.
Avinash Shukla, accused of embezzling Ram Temple donations, allegedly revealed during interrogation that he spent an additional Rs 19 lakh on family and friends, including wedding expenses, personal purchases, and gifts. Police have recovered assets and are examining financial documents.
Police have issued a prohibition of disposal order against GCB and seized bank funds as part of an ongoing server fraud investigation. Three men, including Chinese national Li Ming, face additional charges for alleged fraud related to server purchases.
Hong Kong will directly deposit welfare payments into mainland Chinese bank accounts of elderly recipients in Guangdong and Fujian starting July, facilitating secure retirement.
CBI arrested IAS officer Pankaj Aggarwal in Haryana for alleged involvement in a Rs 60.5 crore funds swindle. He is accused of approving bank accounts and transferring money from state departments through shell entities. This follows the arrest of another IAS officer, RK Singh, in a related case.
Hong Kong police arrested 69 individuals linked to a syndicate suspected of laundering approximately HK$200 million (US$25.5 million) from cross-border investment fraud. The operation, involving over 170 victims, targeted "mule" bank accounts used in the scheme.
Bengal Police launched a probe into Trinamool Congress bank accounts following a dissident MLA's complaint about unaccounted deposits. The case involves allegations of organized crime, cheating, and criminal conspiracy, with a focus on electronic fund transfers.
Ahmedabad Cyber Crime Police arrested a 19-year-old student from Bihar for attempting to divert NEET-UG 2026 fee refunds to his accounts. The accused targeted 350 accounts, exploiting weak passwords in 150, but NTA's security systems helped foil the large-scale fraud.
Reform UK deputy leader Richard Tice struggled to definitively rule out further large gifts to party figures beyond a £5m donation from crypto billionaire Christopher Harborne. Tice stated he was unaware of any other gifts and asserted the party complies with rules, while defending crypto and contrasting the donation with a bribery case.
