Capital One Cites Money Laundering Probe to Justify Closure of Trump Organization Bank Accounts The recent disclosure by Capital One that it closed over 300 bank accounts tied to the Trump Organization due to anti money laundering concerns marks a significant escalation in the ongoing saga of President Donald Trump's family business.
This move comes as no surprise, given the numerous allegations of financial impropriety surrounding the Trumps.
Capital One's defense of closing the accounts hinges on its assertion that months of analysis by its anti money laundering team led to this decision.