Capital One cites money laundering review in Trump-related suit

The bank said the internal review was triggered by "transaction patterns" that "are among the types of activity flagged by federal banking guidance."

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  HuffPost

Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump Capital One Financial hit back on Friday against a lawsuit over its ⁠decision to close the Trump ⁠Organization’s bank accounts ​years ago, stating that it did so after a review by anti-money-laundering

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