Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
•Capital One closed the Trump Organization’s accounts following an anti-money-laundering review.
•This marks the first formal connection between money-laundering concerns and Donald Trump's business.
•Capital One is fighting a lawsuit by disputing claims of politically motivated debanking.
المصدر: The Guardian | Source: The GuardianDisclosure 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 experts.
The disclosure marks the first time a bank has formally tied money-laundering concerns to Donald Trump’s family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking – or denying services on religious or political grounds – the Trump Organization.
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→Capital One closed the Trump Organization’s accounts following an anti-money-laundering review.
→This marks the first formal connection between money-laundering concerns and Donald Trump's business.
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