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Capital One Closes Trump Accounts Over AML | Durham News
Capital One finally breaks its silence on why it shut down 300+ accounts tied to Donald Trump’s businesses in 2021—blaming a months-long anti-money-laundering review, not politics. The bank insists its compliance team, with serious law enforcement backgrounds, acted legally and gave ample notice. But the Trump Organization calls it baseless, accusing the bank of politically motivated retaliation after January 6. This case exposes how AML rules force banks to cut ties with customers to avoid fines—even when they can’t disclose the real reason. Legal battles are heating up, and this isn’t the…
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