Capital One says it closed Trump Organization accounts over money-laundering concerns

Capital One says it closed hundreds of accounts associated with President Trump and his businesses in 2021 "for anti-money laundering reasons," according to a filing.

Bank accounts held by President Donald Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the weekend.

U.S. President alleges bank illegally closed his accounts for political reasons after Jan. 6 attacks on U.S. Capitol

Capital One says Trump accounts were closed after money laundering flags

The Trump Organization and Capital One did not immediately respond to requests for ⁠comment

The bank is asking a judge to permanently dismiss a lawsuit from Trump-affiliated businesses, arguing a monthslong internal review — not the Jan. 6 riot — explains why hundreds of accounts were shut down in 2021.

Capital One first notified the Trump Organization of its intention to close more than 300 affiliated bank accounts in March 2021

Capital One says Trump Organization account closures in 2021 followed review by anti-money laundering team.

Capital One says it closed Trump Organization’s accounts after anti-money laundering probe

The dispute stems from Capital One's decision to notify the Trump Organization in March 2021 that it planned to close more than 300 Trump-affiliated bank accounts.