Capital One says anti-money-laundering review led it to close Trump Organization accounts

Capital One Financial said it closed Trump Organization bank accounts after a review by anti-money-laundering specialists, according to a report published on August 2, 2026.

The disclosure came as the bank sought dismissal of a lawsuit challenging its decision to end the relationship. The Trump Organization has argued that the closures amounted to unlawful debanking based on political or religious grounds; Capital One’s filing disputes that characterization.

The statement is a claim made in litigation and does not by itself establish that money laundering occurred. An anti-money-laundering review can lead a bank to end a customer relationship without a public criminal charge or finding of wrongdoing.

The court will determine the legal dispute over the account closures. The filing is notable because it publicly links the bank’s decision to its financial-crime compliance process rather than to political considerations.