Capital One links Trump Organization account closures to anti-money-laundering review

Capital One says it closed more than 300 Trump Organization accounts in 2021 after an anti-money-laundering review, a disclosure tying AML concerns to the Trump business for the first time. The bank argues the closures followed months of AML analysis in line with policy and regulatory guidance and is seeking to dismiss a Florida lawsuit alleging debanking for political reasons, noting the case has faced dismissals and amendments while the broader policy environment around banks remains charged.