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Capital One Says It Closed Trump Organization’s Accounts After Anti‑Money Laundering Probe · GNN Daily Breaking News

• 0:00
  Speaker 1: In a development blending finance, politics, and corporate accountability, Capital
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  Speaker 1: One has confirmed that it closed accounts belonging to the
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  Speaker 1: Trump Organization following and anti money laundering investigation. The move
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  Speaker 1: underscores the growing scrutiny facing businesses tied to President Trump
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  Speaker 1: and raises questions about how banks handled politically exposed clients.
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  Speaker 1: According to Capital Ie, the decision followed an internal compliance
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  Speaker 1: review triggered by suspicious activity alerts. Investigators examined transactions linked
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  Speaker 1: to the Trump Organization and concluded that continued exposure posed
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  Speaker 1: regulatory and reputational risks. While the bank has not disclosed
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  Speaker 1: specific details of the probe, officials emphasized that the closures
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  Speaker 1: were consistent with federal anti money laundering standards designed to
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  Speaker 1: protect the integrity of the financial system. The Trump Organization
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  Speaker 1: has disputed the action, calling it politically motive and insisting
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  Speaker 1: that its financial dealings are legitimate. Representatives argue that the
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  Speaker 1: company has been unfairly targeted because of its association with
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  Speaker 1: President Trump, and they warn that such measures could set
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  Speaker 1: a precedent for banks to weaponize compliance against politically controversial clients.
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  Speaker 1: Analysts note that the episode highlights the tension between financial
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  Speaker 1: institutions and high profile customers banks are required to monitor
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  Speaker 1: for suspicious activity, but when the client is a sitting
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  Speaker 1: president's business empire, the stakes are magnified. The closure of
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  Speaker 1: accounts could complicate the Trump organization's operations, limiting access to
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  Speaker 1: credit and raising costs of doing business for regulators. The
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  Speaker 1: case illustrates the importance of anti money laundering enforcement in
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  Speaker 1: safeguarding financial stability. The US Treasury and other agencies have
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  Speaker 1: long warned that politically exposed persons or PEPs pose heightened risk,
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  Speaker 1: requiring banks to apply stricter oversight. Capital One's decision reflects
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  Speaker 1: that framework, even as it fuels political controversy. Ultimately, the
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  Speaker 1: closure of Trump organization accounts is less about one company
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  Speaker 1: than about the broader principle of financial transparency. As banks
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  Speaker 1: Titan compliance, the episode serves as a reminder that even
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  Speaker 1: the most powerful clients are subject to rules designed to
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  Speaker 1: protect markets from abuse.