
Capital One Closes Trump Organization Accounts After Anti-Money Laundering Review Capital One Financial announced that it closed more than 300 bank accounts belonging to the Trump Organization in 2021 following a review conducted by the bank’s anti-money laundering team. The disclosure was made in a court filing submitted last Friday in response to a lawsuit filed by the organization and Eric Trump. First Formal Link by a Bank to Money-Laundering Concerns This revelation marks the first time a bank has formally tied money-laundering concerns to the businesses of Donald Trump’s family. Capital One stated that the closures resulted from months of analysis and careful review in accordance with the bank’s policies and regulatory guidance, and that the transaction patterns identified fall among the types of activity flagged by federal banking guidelines. The company has not accused the Trump Organization or members of the family of committing the crime of money laundering. It emphasized that the decision was made by specialists with decades of law-enforcement experience and was not political in nature. “Debanking” Lawsuit and the Bank’s Response The Trump Organization and Eric Trump filed the lawsuit in March 2025 in a Florida federal court, alleging that the accounts were closed because of the bank’s “woke” beliefs and a desire to capitalize on the political climate after the January 6, 2021 events. Capital One has asked the court to dismiss the case, describing the claims as based on cherry-picked quotations taken out of context. The developments come amid growing administrative pressure on major banks regarding so-called “debanking” for political reasons during Trump’s second term. theguardian.com/us-news/2026/a…





