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Capital One says it closed Trump Organization accounts over money-laundering concerns

The bank is asking a judge to permanently dismiss a lawsuit from Trump-affiliated businesses, arguing a monthslong internal review — not the Jan. 6 riot — explains why hundreds of accounts were shut down in 2021.

Coverage from 2 publishers 2 source reports
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Capital One says it closed Trump Organization accounts over money-laundering concerns NPR – Politics
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2 publishers and 2 source reports documented this archived update.

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Capital One says it closed Trump Organization accounts over money-laundering concernsNPR – Politics
NPR

Capital One says it closed Trump Organization accounts over money-laundering concerns

Lead source Read at NPR
US
Guardian

Capital One says it closed Trump Organization’s accounts after anti-money-laundering review

Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump Capital One Financial hit back on Friday against a lawsuit over its ⁠decision to close the Trump ⁠Organization’s bank accounts ​years ago, stating that it did so after a review by anti-money-laundering experts. The disclosure marks the first time a bank has formally tied money-laundering concerns to…

Supporting source Read at Guardian
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