Capital One attributes Trump account closures to anti-money-laundering review
Reporting and findings
- reported
In its July 31, 2026 dismissal motion, Capital One said the 2021 Trump Organization account closures followed a months-long review by its anti-money-laundering team and that identified transaction patterns matched federal banking risk guidance. Banking Dive reported that the bank had not accused the organization of illegal money laundering.
- Banking Dive: Trump's Capital One accounts closed after AML review, bank saysOpening through paragraph beginning 'Capital One has never accused'; linked July 31 motion, ECF 91
Summary and current status
The bank's dismissal motion describes compliance concerns, not a finding that Trump businesses committed money laundering.
Bank's asserted reason in contested civil litigation
People and organizations
- Capital One Financial CorporationBank defending its closure decision
- The Trump OrganizationBusiness organization whose transactions were reviewed
- Donald J. TrumpPerson whose affiliated accounts and trust are involved in the litigation
Relationships in this file
- Capital One Financial Corporationattributed account closures to its anti-money-laundering reviewThe Trump Organization