Capital One says Trump Organization account closures in 2021 followed review by anti-money laundering team.
Published On 2 Aug 20262 Aug 2026
Capital One Financial has hit back against a US lawsuit over its decision to close more than 300 of the Trump Organization‘s bank accounts in 2021, stating that it did so after a review by its anti-money-laundering team.
The disclosure filed on Friday marks the first time a bank has formally tied money-laundering concerns to United States President Donald Trump‘s family business, according to Reuters. Capital One is seeking to dismiss the case by casting doubt on claims of illegal debanking — or denial of services on religious or political grounds — against the Trump Organization.
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The Trump Organization and Capital One did not immediately respond to requests for comment.
Capital One has never…
