Capital One cites anti money laundering concerns in Trump Organization case The latest development in the investigation into the Trump Organization's bank account closures has shed new light on a crucial aspect of the case: anti money laundering (AML) concerns.
Capital One, one of the banks involved in closing over 300 Trump Organization accounts in 2021, has formally tied these closures to a review by its AML team.
Capital One's decision to close the accounts was not motivated by a desire to appease liberal leaning lawmakers or capitalize on post January 6, 2021 riot sentiment, as the Trump Organization has claimed.