Trump Organization's Accounts Shut Amid Money-laundering Fears
WHO:
Alternet - President Donald Trump, Capital One Financial, Trump Organization, Eric Trump
Reddit Conspiracy - Trump Organization, Eric Trump
WHAT:
Alternet - Capital One disclosed that it closed the Trump Organization accounts due to concerns over money laundering, following a "months-long investigation."
Alternet - Capital One stated that the decision to close the accounts was based on "months of analysis and a careful review."
Alternet - The Trump Organization and Eric Trump filed a lawsuit against Capital One in March 2025, alleging political debanking.
Alternet - Capital One disclosed that it closed the Trump Organization accounts after a "months-long investigation" into signs of money laundering.
Alternet - Capital One is now asking a federal judge in Florida to dismiss Trump's lawsuit, stating that its new disclosures "make clear that Capital One closed Plaintiffs' accounts for anti-money laundering ('AML') reasons."
Alternet - Capital One closed around 300 Trump Organization accounts.
Alternet - Capital One is asking a federal judge in Florida to dismiss Trump's lawsuit, citing anti-money laundering reasons for the account closures.
Reddit Conspiracy - Trump Organization and Eric Trump sued Capital One in March 2025, alleging political debanking.
WHERE:
Alternet - The lawsuit was filed in a Miami federal court.
WHEN:
Reddit Conspiracy - The lawsuit against Capital One was filed in March 2025.
WHY:
Alternet - Capital One is now seeking to dismiss Trump's lawsuit, arguing that its disclosures clarify the closure of the accounts was for anti-money laundering reasons.
Alternet - Capital One stated that the decision to close the accounts was prompted by "months of analysis and a careful review."
Alternet - Capital One stated that the accounts were closed due to signs of money laundering following a months-long investigation.
HOW:
Alternet - Capital One indicated it would reveal in court the reasons for believing the Trump Organization was involved in money laundering if the lawsuit proceeds.
Alternet - The bank indicated that it would reveal in court the reasons for believing the Trump Organization was involved in money laundering if the lawsuit proceeds.
Alternet - Capital One conducted a "months of analysis and a careful review" before deciding to close the accounts.
(UPDATED August 3, 2026 22:01 UTC)
Capital One has announced the closure of the Trump Organization's accounts due to concerns over money laundering, following a months-long investigation and careful review. In response, Trump and Eric Trump filed a lawsuit against Capital One in March 2025, claiming political debanking, but Capital One is now seeking to dismiss the case, asserting that their disclosures clarify the closure was based on anti-money laundering reasons. If the lawsuit moves forward, Capital One plans to present evidence in court supporting their belief that the Trump Organization was involved in money laundering.
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(UPDATED August 3, 2026 20:29 UTC)
Capital One has announced the closure of accounts belonging to Trump Organization after a months-long investigation into potential money laundering activities. The bank is now seeking to have a federal judge in Florida dismiss Trump's lawsuit, arguing that its recent disclosures clarify that the account closures were due to anti-money laundering concerns. If the lawsuit moves forward, Capital One plans to present evidence in court supporting its belief that the Trump Organization was involved in money laundering.
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(UPDATED August 3, 2026 18:40 UTC)
Capital One has closed around 300 accounts associated with the Trump Organization, citing signs of money laundering after a months-long investigation. In response, Trump and his son Eric filed a lawsuit against Capital One in March 2025, alleging political debanking, which is now being challenged by the bank in a Miami federal court as they seek to have the case dismissed. Capital One claims their decision to close the accounts was based on a thorough analysis and careful review of the situation.