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Capital One says it closed Trump Organization's accounts after anti-money laundering probe
['Kenrick Cai', 'August', 'Min Read']
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The Trump Organization and Capital One did not immediately respond to requests for comment.
Capital One has never accused the Trump Organization of illegal money laundering.
But Friday's filing argues that "documents and Plaintiffs' own allegations make clear that Capital One closed Plaintiffs' accounts for anti-money laundering ("AML") reasons.
Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021.
In January, Trump filed a suit against JPMorgan Chase on the same grounds, underscoring the fraught policy environment Wall Street is navigating during the president's second term.