Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One says it closed the bank accounts of the Trump Organization after reviewing them for possible money‑laundering. The bank made this disclosure in 2021 while defending itself against a lawsuit that claimed the closure was illegal. Capital One says the decision was based on advice from anti‑money‑laundering experts, not on political or religious bias. This is the first time a major bank has publicly linked money‑laundering concerns to Donald Trump’s family business.
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