Trump accounts were closed in 2021 due to concerns over possible money laundering, Capital One says
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.
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The Washington Standard
Mish Talk - Global Economic Trend AnalysisCapital One Closed Trump’s Accounts For Suspicion Of Money Laundering
A Trump lawsuit claims politics. Capital One has disclosed the real reason. Money Laundering Probe Reuters reports Capital One says it closed Trump Organization’s accounts after anti-money laundering probe Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization’s bank accounts years ago, stating that it did so after a review by anti-money laundering experts. The disclosure marks the first ti…
Capital One Closed Trump Accounts Over Suspicion Of Money Laundering
Source: You know — maybe President Donald Trump and his representatives should just stop suing people. Because it seems that the bulk of his lawsuits only end in one of two ways: a humiliating defeat, or the exposure of corruption that people didn’t even know about until the suit and the circumstances surrounding it make headlines. The latter is the only reason we know he sued the IRS, which is part of the executive branch he’s in charge of, and…
Capital One Says Money Laundering, Not January 6 Riot, Led To Shutdown Of Trump Accounts
I don't know but when your best argument is "we got locked out of our accounts for supporting violent insurrectionists," maybe it's time to stop arguing. But if there's anything Trump likes, it's being a plaintiff in a lawsuit. So, that's exactly what the Trump Organization argued, in hopes of pressuring Capital One into a…
Trump’s Capital One accounts closed after AML review, bank says
The bank has not accused the Trump Organization of money laundering. But Capital One said the transaction patterns it identified are “among the types of activity flagged by federal banking guidance.”
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