Capital One Closes Over 300 Trump-Affiliated Accounts Over Money Laundering Risks

Capital One closed more than 300 bank accounts linked to Donald Trump, his family members, and affiliated business entities following internal risk reviews regarding potential money laundering vulnerabilities. The mass account closures, reported across multiple financial regulatory and investigative disclosures, underscore the stringent compliance protocols major banking institutions enforce when managing high-profile politically exposed persons … Read more

Capital One Says Anti-Money Laundering Review Prompted Trump Account Closures

Capital One Says Anti-Money Laundering Review Prompted Trump Account Closures

Capital One Financial disclosed in a court filing that it closed more than 300 Trump Organization-affiliated bank accounts following an internal anti-money laundering review. The filing marks the first time a major bank has formally tied money-laundering risk procedures to the closures, pushing back against a 2025 lawsuit alleging political bias. The banking dispute centers … Read more