Capital One closed more than 300 accounts belonging to the Trump Organization due to concerns about anti-money laundering, according to a court filing. The bank is seeking to dismiss a lawsuit brought by Trump-affiliated businesses, arguing that an internal review – not the January 6th riot – prompted the account closures in 2021.
The transaction patterns identified during the review were consistent with those flagged by federal banking guidance, according to Capital One’s July 31 filing. While the bank did not accuse the Trump Organization of unlawful money laundering, documents and allegations made by the plaintiffs themselves indicated potential issues.
Capital One stated its decision stemmed from a monthslong internal review focused on anti-money laundering protocols. This explanation is central to the bank’s attempt to have the lawsuit dismissed. No right-leaning sources reported on this story beyond relaying the facts of the filing.
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