Key Takeaway
Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald TrumpCapital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization’s bank accounts years ago, stating that it did so after a review by anti-money-laundering experts. The disclosure marks the first time a bank has formally tied…
Published August 2, 2026 · Category: News
Overview
Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump
Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization’s bank accounts years ago, stating that it did so after a review by anti-money-laundering experts.
Details
The disclosure marks the first time a bank has formally tied money-laundering concerns to Donald Trump’s family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking – or denying services on religious or political grounds – the Trump Organization.
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Source
Originally published at www.theguardian.com.
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What is "Capital One says it closed Trump Organization’s accounts after anti-money-laundering review" about?+
Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald TrumpCapital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization’s bank accounts years ago, stating that it did so after a review by anti-money-laundering experts.The disclosure marks the first time a bank has formally tied money-laundering concerns to Donald Trump’s family business. Capital One is seeking to dismiss the case by cast
Who reported this story?+
This story was reported by The Guardian World.