{"id":798633,"date":"2026-08-02T04:22:08","date_gmt":"2026-08-02T04:22:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/798633\/"},"modified":"2026-08-02T04:22:08","modified_gmt":"2026-08-02T04:22:08","slug":"capital-one-says-it-closed-trump-organizations-accounts-after-anti-money-laundering-review-donald-trump","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/798633\/","title":{"rendered":"Capital One says it closed Trump Organization\u2019s accounts after anti-money-laundering review | Donald Trump"},"content":{"rendered":"

Capital One Financial hit back on Friday against a lawsuit over its \u2060decision to close the Trump \u2060Organization\u2019s bank accounts \u200byears ago, stating that it did so after a review by anti-money-laundering experts.<\/p>\n

The disclosure marks the first time a bank has formally tied money-laundering concerns to Donald Trump<\/a>\u2019s family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking \u2013 or denying services on religious or political grounds \u2013 the Trump Organization.<\/p>\n

The Trump Organization and \u2060Capital One did not immediately respond to requests for comment.<\/p>\n

Capital One has never accused the Trump Organization of money laundering. \u200bBut Friday\u2019s filing argues that \u201cdocuments and Plaintiffs\u2019 own \u200callegations make clear that Capital One closed \u200cPlaintiffs\u2019 accounts for anti-money laundering (\u2018AML\u2019) reasons.<\/p>\n

\u201cThe closures were the result of months of analysis and a careful review by \u200cCapital One\u2019s AML team in accordance with bank policies and regulatory guidance.\u201d<\/p>\n

Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021.<\/p>\n

The Trump Organization and Eric Trump, the president\u2019s son, filed a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One\u2019s \u201cwoke\u201d beliefs and its desire to benefit from the political mood after the 6 January 2021 riot<\/a> at the US Capitol.<\/p>\n

Capital One said in Friday\u2019s filing that the Trump Organization\u2019s allegations of political pretext were \u201cmisguided\u201d and \u201cbased on cherry-picked quotations unsupported by the full context\u201d of documents submitted to the court.<\/p>\n

\u201cThe transaction patterns identified by Capital One are among the types of activity flagged by federal banking guidance,\u201d the filing said.<\/p>\n

Since the start \u2060of Trump\u2019s second term, his administration has put pressure on some large banks, echoing conservative complaints \u200bthat the institutions are deliberately targeting \u200bthe political right. Trump signed an executive order in \u200bAugust 2025 barring discriminatory debanking.<\/p>\n

In January, Trump filed a suit against JPMorgan Chase on the same \u200bgrounds, underscoring the fraught policy \u200cenvironment Wall Street is \u200bnavigating during the president\u2019s second \u200bterm. In 2019, during his first term, Trump sued Capital One and Deutsche Bank in an attempt to prevent them from sharing financial records with Congress as part of a probe led by Democratic lawmakers.<\/p>\n

Anti-money-laundering professionals at Deutsche Bank reportedly flagged a set of transactions, but executives ignored them; Deutsche Bank denied the report at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"Capital One Financial hit back on Friday against a lawsuit over its \u2060decision to close the Trump \u2060Organization\u2019s…\n","protected":false},"author":2,"featured_media":798634,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-798633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/798633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=798633"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/798633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/798634"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=798633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=798633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=798633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}