Chicago – August 02, 2026
Capital One has said it closed more than 300 Trump Organization-linked bank accounts in 2021 after a months-long anti-money-laundering review, rejecting claims that the move was politically motivated. In a court filing, the bank said its financial-crimes team conducted a careful analysis under internal policy and federal guidance, and that the transactions flagged were the kind banks are trained to examine.
The filing is part of an ongoing lawsuit brought by the Trump Organization and Eric Trump, who argue the accounts were shut down after the Jan. 6 Capitol riot for political reasons. Capital One denied that accusation, saying the plaintiffs’ claims rely on selective quotations and ignore the full context of the bank’s records.
Notably, Capital One has not accused the Trump Organization of illegal money laundering. Instead, it says the closures reflected risk-based compliance decisions made after a detailed review.
