Capital One bank cites money-laundering probe to justify closing Trump Organization accounts
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Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts back in 2021, stating that it did so after a money-laundering review.
The disclosure marks the first time a bank has formally tied money-laundering concerns to US President Donald Trump's family business.
Capital One says Trump Organization account closures in 2021 followed review by anti-money laundering team.
Confirmed
Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts back in 2021, stating that it did so after a money-laundering review.
The disclosure marks the first time a bank has formally tied money-laundering concerns to US President Donald Trump's family business.
Capital One says Trump Organization account closures in 2021 followed review by anti-money laundering team.