Capital One says anti-money laundering review led to closure of over 300 Trump Organization accounts
In a significant move, Capital One has closed the Trump Organization's accounts, citing anti-money laundering concerns backed by detailed analysis and adherence to internal policies. This action occurs amidst ongoing legal disputes initiated by the Trump Organization, which accuses the bank of discriminatory 'debanking' based on 'woke' ideologies. Capital One is now seeking dismissal of these claims, labeling them as fundamentally misguided.
