Capital One says it closed Trump Organization accounts over money-laundering concerns

Capital One has disclosed that it closed accounts for the Trump Organization due to concerns about money laundering, not because of the January 6 Capitol riot. The bank is seeking to dismiss a lawsuit filed by Trump-affiliated businesses, asserting that a thorough internal review led to the decision. This move highlights the stringent measures banks take to comply with anti-money laundering laws and underscores the broader implications for financial institutions dealing with high-profile clients. The revelation raises questions about the balance between financial regulations and business relationships.