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Capital One Cites Anti-Money Laundering Review in Suit Over Closing Trump Accounts
Just the facts
Capital One Financial stated in a federal court filing that its decision to close more than 300 Trump-affiliated bank accounts in March 2021 was based on an internal anti-money laundering review. The filing was submitted in response to a March 2025 lawsuit filed by the Trump Organization and Eric Trump, which alleged the account terminations were politically motivated. Capital One disputed those claims, arguing that transaction patterns flagged by its anti-money laundering team aligned with federal banking compliance guidelines. The disclosure represents the first instance of a financial institution formally attributing account closures involving Trump entities to anti-money laundering protocols.
Why this is news
Capital One Financial filed court documents in Florida seeking to dismiss a lawsuit brought by the Trump Organization regarding the 2021 closure of its bank accounts.
Sources
This summary is compiled strictly from the original reporting below.