{"id":16981,"date":"2026-08-02T10:58:14","date_gmt":"2026-08-02T02:58:14","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=16981"},"modified":"2026-08-02T10:58:22","modified_gmt":"2026-08-02T02:58:22","slug":"capital-one-says-it-closed-trump-organizations-accounts-after-anti-money-laundering-probe","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=16981","title":{"rendered":"Capital One says it closed Trump Organization&#8217;s accounts after anti-money laundering probe"},"content":{"rendered":"\n<figure class=\"wp-block-image alignwide size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/08\/1.jpg\" alt=\"\" class=\"wp-image-16982\" srcset=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/08\/1.jpg 768w, https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/08\/1-300x200.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-element-caption\">FILE PHOTO: U.S. President Donald Trump gives thumbs-up as he walks to board Marine One following his arrival aboard Air Force One at Morristown Municipal Airport in Morristown, New Jersey, U.S., July 31, 2026. REUTERS\/Daniel Heuer\/File Photo\u00a9\u00a0Thomson Reuters<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">SAN FRANCISCO, Aug 1 (Reuters) &#8211; Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization&#8217;s bank accounts years ago, stating that it did so after a review by anti-money laundering experts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The disclosure marks the first time a bank has formally tied money laundering concerns to U.S. President Donald Trump&#8217;s family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking \u2014 or denying services on religious or political grounds \u2014 the Trump Organization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Trump Organization and Capital One did not immediately respond to requests for comment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capital One has never accused the Trump Organization of illegal money laundering. But Friday&#8217;s filing argues that &#8220;documents and Plaintiffs\u2019 own allegations make clear that Capital One closed Plaintiffs\u2019 accounts for anti-money laundering (\u201cAML\u201d) reasons. The closures were the result of months of analysis and a careful review by Capital One\u2019s AML team in accordance with bank policies and regulatory guidance.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021. The Trump Organization and Eric Trump, the president\u2019s son, filed a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One\u2019s \u201cwoke\u201d beliefs and its desire to benefit from the political mood after the January 6, 2021 riot at the U.S. Capitol.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8216;MISGUIDED&#8217; ALLEGATIONS: CAPITAL ONE<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The federal court in Miami has tossed two complaints in the Capital One case, but gave the plaintiffs opportunities each time to submit an amended complaint. Capital One said that the latest version, filed in July, \u201csuffers from the same fundamental flaws as their prior two pleadings.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capital One said in Friday\u2019s filing that the Trump Organization\u2019s allegations of political pretext were \u201cmisguided\u201d and \u201cbased on cherry-picked quotations unsupported by the full context\u201d of documents submitted to the court.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe transaction patterns identified by Capital One are among the types of activity flagged by federal banking guidance,\u201d the filing said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since the start of Trump&#8217;s second term, his administration has put pressure on some large banks, echoing conservative complaints that the institutions are deliberately targeting the political right.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump signed an executive order in August 2025 barring discriminatory debanking. In January, Trump filed a suit against JPMorgan Chase on the same grounds, underscoring the fraught policy environment Wall Street is navigating during the president\u2019s second term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2019, during his first term, Trump sued Capital One and Deutsche Bank in an attempt to prevent them from sharing financial records with Congress as part of a probe led by Democratic lawmakers. Anti-money laundering professionals at Deutsche Bank reportedly flagged a set of transactions, but executives ignored them; Deutsche Bank denied the report at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, Aug 1 (Reuters) &#8211; Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":16982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[12],"tags":[4297,4298,1712],"class_list":["post-16981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa","tag-capital","tag-closed","tag-says"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Capital One says it closed Trump Organization&#039;s accounts after anti-money laundering probe - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=16981\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital One says it closed Trump Organization&#039;s accounts after anti-money laundering probe - LISTEN WORLD\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Aug 1 (Reuters) &#8211; Capital One Financial hit back on Friday against a lawsuit over its decision to close the Trump Organization&#8217;s bank accounts years ago, stating that it did so after a review by anti-money laundering experts. 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