Aug 2, 2026
Capital One reveals anti-money laundering review led to closure of Trump Organization accounts in 2021
Capital One Financial disclosed in a court filing that it closed over 300 Trump Organization-affiliated bank accounts in 2021 following an anti-money laundering review, marking the first time a bank has formally tied money-laundering concerns to the Trump family business. The disclosure came in response to a lawsuit filed by the Trump Organization claiming the closures were politically motivated.
6 sources
00