Politics

Capital One Closes Trump Organization Accounts Due to Money Laundering Concerns

Updated 2026-08-03 15:25 UTC 1 source Negative

Lawyers for Capital One asked a federal judge to dismiss a lawsuit brought by President Trump’s trust over the closing of his organization's accounts, citing money laundering concerns. The move highlights ongoing scrutiny of the Trump Organization.

Coverage timeline — 1 article
The Hill
Lawyers for Capital One on Friday asked a federal judge to dismiss a lawsuit brought by President Trump’s trust over its closing of Trump Organization-affiliated accounts years ago, saying it did so only after money laundering concerns were flagged by experts. While attorneys for the Trump Organizat
2026-08-03 14:59 UTC
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