Capital One says it closed more than 300 Trump Organization bank accounts in 2021 following an internal anti-money-laundering review, rejecting claims that the decision was politically motivated.

Intelligence summary

Capital One says it closed more than 300 Trump Organization bank accounts in 2021 following an internal anti-money-laundering review, rejecting claims that the decision was politically motivated. The filing marks the first time a bank has publicly linked the account closures to AML concerns, though Capital One says it is not accusing the Trump Organization of money laundering. Source: The Guardian