Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One is defending its decision to close Trump Organization bank accounts, citing internal anti-money-laundering reviews. The bank is seeking to dismiss a lawsuit filed by the Trump family, which alleges the closures were politically motivated.
Why it matters
This disclosure marks the first time a financial institution has formally linked money-laundering concerns to the Trump family business, adding a new layer to ongoing legal disputes.
Donald Trump and son Eric Trump at Trump National Golf Club in in Sterling, Virginia, on 9 May. Donald Trump and son Eric Trump at Trump National Golf Club in in Sterling, Virginia, on 9 May. Donald Trump 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
Prefer the Guardian on Google 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.
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