Capital One says it closed Trump Organization accounts over money-laundering concerns
Capital One has closed hundreds of accounts belonging to the Trump Organization in 2021 due to money-laundering concerns identified during an internal review. The bank is seeking to dismiss a lawsuit filed by Trump-affiliated businesses, arguing that their account closures were motivated by compliance procedures rather than political retaliation related to the January 6 Capitol riot.
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Capital One says it closed Trump Organization accounts over money-laundering concerns
Capital One has closed hundreds of accounts belonging to the Trump Organization in 2021 due to money-laundering concerns identified during an internal review. The bank is seeking to dismiss a lawsuit filed by Trump-affiliated businesses, arguing that their account closures were motivated by compliance procedures rather than political retaliation related to the January 6 Capitol riot.
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