Capital One has told a federal court that its decision to close hundreds of bank accounts linked to Donald Trump's business empire followed an internal anti-money laundering review, pushing back against allegations that the move was politically motivated after the 6 January 2021 Capitol riot.
The explanation appears in a court filing submitted on Friday as part of the Trump Organization's ongoing lawsuit against the financial institution. In the filing, Capital One argues that approximately 300 accounts were closed only after its financial-crimes compliance team reviewed account activity under the bank's standard anti-money laundering procedures.
