Capital One cites anti-money laundering investigation for closing 300 Trump Organisation accounts
In response to a legal challenge regarding its move to shut down Trump Organisation bank accounts years back, Capital One Financial stated that the decision followed an anti-money laundering inquiry. This marks the first instance of a financial institution officially linking money laundering risks to the business owned by the family of US President Donald Trump. Back in 2021, Capital One informed the company that it would be terminating more than 300 accounts tied to the Trump Organisation.
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