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Capital One closes hundreds of Trump Organization accounts over AML concerns

1 min read
Source: CNN
Capital One closes hundreds of Trump Organization accounts over AML concerns
Photo: CNN
TL;DR

Capital One disclosed in a Florida court filing that it closed more than 300 Trump Organization accounts in 2021 due to anti-money-laundering patterns, denying political motivation and noting a months-long, law-enforcement–style review; the Trump Organization has challenged the rationale, while Capital One says affected clients were allowed to find new banking services as the litigation unfolds.

Topics:nationbusiness#business#capital-one#court-filing#debanking#money-laundering#trump-organization
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  1. Capital One says it shut down hundreds of Trump Organization accounts over money-laundering concerns  CNN
  2. Capital One says it closed Trump Organization accounts over money-laundering concerns  NPR
  3. Capital One says it closed hundreds of Trump's bank accounts in 2021 'for anti-money laundering reasons'  ABC News - Breaking News, Latest News and Videos
  4. Capital One says Trump Organization accounts were closed after money laundering review  The Hill
  5. Capital One asks a Florida judge to dismiss President Trump's trust lawsuit over closed accounts - CBS Miami  CBS News

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