Filters Applied:
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.
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.
The disclosure marks the first time a bank has formally tied money laundering concerns to President Donald Trump’s family business.