Capital One: Trump Org Accounts Shut After Money Laundering Probe
Capital One says a months-long compliance review flagged transaction patterns tied to more than 300 Trump-affiliated accounts, not political bias.
- On Friday, Capital One Financial Corp. asked a Miami federal court to dismiss the Trump Organization's lawsuit, asserting it closed more than 300 accounts for anti-money laundering reasons following an internal review.
- The Trump Organization and Eric Trump, the president's son, sued in March 2025, alleging the bank shuttered more than 300 accounts due to 'woke' beliefs after the January 6, 2021 riot.
- Capital One maintains the closures resulted from 'transaction patterns' flagged by federal banking guidance, noting the decision involved professionals 'with decades of law enforcement experience.'
- A Miami federal judge has dismissed two previous complaints in the case, and Capital One argues the latest version, filed in July, 'suffers from the same fundamental flaws as their prior two pleadings.'
- This litigation follows a wave of similar lawsuits against JPMorgan Chase, as the Trump administration signed an August 2025 executive order barring discriminatory debanking.
126 Articles
126 Articles
Trump Media wants to charge $100,000 for early access to Trump posts The Capital One bank stated that it closed accounts linked to the President of the United States, Donald Trump, in 2021, after identifying financial movements with characteristics of possible money laundering. The information is contained in a document presented to the Justice this weekend. The process was moved against the bank by one of Trump's financial companies shortly aft…
Capital One says it closed hundreds of Trump's bank accounts in 2021 'for anti-money laundering reasons'
Capital One says it closed hundreds of accounts associated with President Trump and his businesses in 2021 "for anti-money laundering reasons," according to a filing.
Capital One says it shut down hundreds of Trump Organization accounts over money-laundering concerns
Capital One closed hundreds of Trump Organization accounts in 2021 “for anti-money laundering reasons,” the bank disclosed for the first time in a court filing Friday night.
Associated Press News
Trump bank accounts were closed due to concerns over possible money laundering, Capital One says
Capital One closed President Donald Trump’s accounts in mid-2021 after flagging financial activity that resembled money laundering.
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