Trump organisation's accounts closed after anti-money laundering probe, bank says It marks the first time a bank has formally tied money laundering concerns to President Trump's family business. World 18 min ago
The Trump Organization and Eric Trump, the president’s son, filed a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One’s “woke” beliefs and its desire to benefit from the political mood after the January 6, 2021 riot at the US Capitol.
Capital One has never accused the Trump Organisation of illegal money laundering." Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021.
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