Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One cited anti-money-laundering concerns Friday in defending its 2021 decision to close Trump Organization accounts, marking the first time a bank formally tied such concerns to Donald Trump's business. The bank said its AML team conducted months of analysis before closing over 300 Trump-affiliated accounts. The Trump Organization sued Capital One in March 2025, claiming political discrimination.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 02 Aug 2026, 00:04 UTC · Updated 02 Aug 2026, 00:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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