Banking #anti-money-laundering#capital one
Capital One cites anti-money-laundering review in closure of over 300 Trump Organization accounts
Capital One told a federal court it closed more than 300 Trump Organization accounts after an internal anti-money-laundering review, not for political reasons. The bank is seeking dismissal of a lawsuit filed by the Trump Organization and Eric Trump alleging discriminatory 'debanking'. The filing is the first time a bank formally cited AML concerns for the account closures, as the Trump administration escalates scrutiny of debanking.
Aug 2, 2026 1 source