anti-money-laundering review

Capital One Financial closed the Trump Organization’s bank accounts after an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump’s business. The bank is seeking to dismiss a lawsuit by denying claims of illegally debanking the Trump Organization.

Capital One Financial closed the Trump Organization’s bank accounts after an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump’s family business. The bank is defending against a lawsuit by arguing the closure was not illegal debanking.