Capital One Says It Closed Trump Organization Accounts Over Money-Laundering Concerns
Capital One argues in a Florida federal court motion to dismiss that it closed hundreds of Trump Organization accounts for anti-money-laundering reasons after months of review by its financial-crimes team. The filings reportedly indicate the Trump entities had no chance to respond to the concerns. The Trump Organization disputes any link to money laundering, calling the closures political retaliation.
Coverage (5)
- Capital One cites money laundering review in Trump-related suit (japantimes.co.jp)
- Capital One says it shut down hundreds of Trump Organization accounts over money-laundering concerns (cnn.com)
- Capital One asks a Florida judge to dismiss President Trump's trust lawsuit over closed accounts (cbsnews.com)
- Capital One says it closed Trump Organization accounts over money-laundering concerns (npr.org)
- Capital One cites anti-money laundering concerns in Trump Organization case (aljazeera.com)