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Capital One States Trump Accounts Were Closed Due to Anti-Money Laundering Concerns

Capital One States Trump Accounts Were Closed Due to Anti-Money Laundering Concerns
AI-Generated Summary

In legal filings, Capital One asserted that the closure of numerous accounts associated with Donald Trump and the Trump Organization occurred in mid-2021 because of heightened money laundering compliance concerns. This explanation directly addresses lawsuits filed by Trump's representatives, who have alleged that the bank debanked him politically after he left office. Capital One attorneys maintained that its actions were based solely on regulatory requirements.

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Sources

Capital One says Trump Organization accounts were closed after money laundering review

www.msn.com
50%

Lawyers for Capital One on Friday asked a federal judge to dismiss a lawsuit brought by President Trump’s trust over its ...

Capital One closed Trump Org accounts over money laundering concerns

www.msn.com
50%

Capital One attorneys said in court documents that the bank closed the Trump Organization's accounts over concerns about ...

Capital One: Trump Accounts Closed Over Money-Laundering Probe, Not Politics

www.msn.com
50%

In a new court filing, the bank revealed why it shut down hundreds of Trump-tied accounts in mid-2021.

Capital One says it shut down hundreds of Trump Organization accounts over money-laundering concerns

www.msn.com
50%

Capital One closed hundreds of Trump Organization accounts in 2021 “for anti-money laundering reasons,” the bank disclosed ...

Capital One says it closed Trump bank accounts 'for anti-money laundering reasons'

www.yahoo.com
50%

Capital One says it closed hundreds of bank accounts associated with President Donald Trump and his businesses in 2021 "for ...

Trump bank accounts were closed due to concerns over possible money laundering, Capital One says

www.baltimoresun.com
50%

Trump has sued Capital One, as well as JPMorgan Chase, for allegedly debanking him after he left office in 2021. Debanking ...

Capital One says money laundering concerns led to closure of Trump Org accounts, not politics

www.msn.com
50%

Trump’s claims that various banks closed accounts linked to his family over political reasons after Jan. 6 just took a fresh ...

Capital One says it closed Trump Organization's accounts after anti-money laundering probe

www.msn.com
50%

By Kenrick Cai SAN FRANCISCO, Aug 1 (Reuters) - Capital One Financial hit back on Friday against a lawsuit over its decision ...

Trump bank accounts were closed due to concerns over possible money laundering, Capital One says

www.bostonglobe.com
50%

The court filing is tied to a lawsuit filed against Capital One by one of Trump’s financial holding companies.

Capital One Says It Closed Trump Family Business’ Accounts for ‘Anti-Money Laundering Reasons,’ Not Politics

www.msn.com
50%

The bank’s response comes more than a year after the Trump Organization said in a lawsuit that its accounts were closed due ...

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