{"id":24865,"date":"2026-08-02T05:35:40","date_gmt":"2026-08-02T00:35:40","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=24865"},"modified":"2026-08-02T05:35:40","modified_gmt":"2026-08-02T00:35:40","slug":"capital-one-says-it-closed-trump-organizations-accounts-after-anti-money-laundering-probe","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=24865","title":{"rendered":"Capital One says it closed Trump Organization&#8217;s accounts after anti-money laundering probe"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->By Kenrick Cai<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->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 \u200cso after a review by anti-money laundering experts.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->The disclosure marks the first time a bank has \u200cformally 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 \u200bclaims of illegally debanking \u2014 or denying services on religious or political grounds \u2014 the Trump Organization.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->The Trump Organization and Capital One did not immediately respond to requests for comment.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->Capital One has never accused the Trump Organization of illegal money laundering. But Friday&#8217;s filing argues that &#8220;documents and Plaintiffs&#8217; own allegations make clear that Capital One closed Plaintiffs&#8217; accounts for anti-money laundering (&#8220;AML&#8221;) reasons. The \u200cclosures were the result of months of \u2060analysis and a careful review by Capital One&#8217;s AML team in accordance with bank policies and regulatory guidance.&#8221;<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->Capital One gave notice of its plans to close more than 300 Trump-affiliated \u2060bank accounts in March 2021. The Trump Organization and Eric Trump, the president&#8217;s son, filed a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One&#8217;s &#8220;woke&#8221; beliefs and its desire to benefit from the \u200bpolitical \u200bmood after the January 6, 2021 riot at the U.S. \u200bCapitol.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->&#8216;MISGUIDED&#8217; ALLEGATIONS: CAPITAL ONE<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->The federal court in Miami \u200chas 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, &#8220;suffers from the same fundamental flaws as their prior two pleadings.&#8221;<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->Capital One said in Friday&#8217;s filing that the Trump Organization&#8217;s allegations of political pretext were &#8220;misguided&#8221; and &#8220;based on cherry-picked quotations unsupported by the full context&#8221; of documents submitted to the court.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->&#8220;The transaction patterns identified by Capital One are among \u200cthe types of activity flagged by federal banking guidance,&#8221; the filing \u200bsaid.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->Since the start of Trump&#8217;s second term, his administration has put \u200bpressure on some large banks, echoing conservative complaints \u200bthat the institutions are deliberately targeting the political right.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->Trump signed an executive order in August \u200c2025 barring discriminatory debanking. In January, Trump filed a \u200bsuit against JPMorgan Chase on \u200bthe same grounds, underscoring the fraught policy environment Wall Street is navigating during the president&#8217;s second term.<!-- HTML_TAG_END -->  <\/p>\n<\/p><\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>By Kenrick Cai 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 \u200cso after a review by anti-money laundering experts. The disclosure marks the first time a bank has \u200cformally tied money&#8230;<\/p>\n","protected":false},"author":1,"featured_media":24866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s.yimg.com\/lo\/mysterio\/api\/8A723B9890411A8AFA67FCA98D8EF17311BA253B4AFCCD10B32708DC078C3FD4\/subgraphmysterio\/resizefill_w1200_h800;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Freuters.com%2F47c84dca8951a62b43b54814a1830a2d","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-24865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-trending-viral-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/24865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24865"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/24865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/24866"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}