Capital One Financial announced on August 1, 2026, that it closed the Trump Organization's bank accounts following a review by anti-money-laundering experts. This disclosure is the first instance where a bank has formally linked money-laundering concerns to Donald Trump's family business. Capital One is currently seeking to dismiss a lawsuit regarding its decision, arguing against claims of illegally denying services based on political or religious grounds.
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Capital One closed Trump Organization's accounts after anti-money-laundering review
Capital One Financial closed the Trump Organization's bank accounts after an anti-money-laundering review, marking the first formal connection between money-laundering concerns and Donald Trump's business. The bank is seeking to dismiss a lawsuit related to this decision.
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Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
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Capital One closed Trump Organization's accounts after anti-money-laundering review