August 2, 2026

Capital One Defends Closure of Trump Organization Accounts Amid Lawsuit

Capital One closed over 300 accounts linked to the Trump Organization after an anti-money-laundering review, marking the first formal connection between the bank and money-laundering concerns related to the organization.
In response to a lawsuit claiming political motivations for the closures, Capital One stated the decision was based on regulatory guidance and extensive analysis by its AML team.
The Trump Organization's lawsuit has faced multiple dismissals in court, with opportunities to amend their claims, which Capital One argues are flawed.