The Trump Organization and Capital One Did Not Immediately Respond to Requests for Comment

Capital One Financial on Friday fought back against a lawsuit over its decision years ago to close the Trump Organization’s bank accounts, saying the move followed a review by anti-money-laundering experts. The disclosure, from a 2021 investigation, marks the first time a bank has formally tied money-laundering concerns to Donald Trump’s family business. Seeking to dismiss the case, Capital One cast doubt on claims of illegal “debanking” — denying services on religious or political grounds.

In Friday’s filing, the bank argued that “documents and Plaintiffs’ own allegations make clear that Capital One closed Plaintiffs’ accounts for anti-money laundering (‘AML’) reasons. Capital One has never accused the Trump Organization of money laundering. The Trump Organization and Capital One did not immediately respond to requests for comment.”