Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts in 2021, stating that it did so after an anti-money laundering review. Lawyers for the Trump Organization had alleged in response that the accounts had been closed for political reasons. The disclosure marks the first time a bank has formally tied money laundering concerns to US President Donald Trump’s family business.
Capital One cites money laundering probe to justify closure of Trump Organization bank accounts
Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts in 2021, stating that it did so after an anti-money laundering review. Lawyers for the Trump Organization had alleged in response that the accounts had been closed for political reasons. The disclosure marks the first time a bank has formally tied…
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