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Capital One cites money laundering probe to justify closure of Trump Organization bank accounts

Americas 1 source 1 country 🔦 Under-reported 53m ago

Capital One Financial confirmed on Friday that it closed over 300 bank accounts associated with the Trump Organization in 2021. The institution stated that the decision followed an internal anti-money laundering review of the accounts.

Attorneys for the Trump Organization have contested the closure, alleging that the bank's actions were politically motivated. The disclosure comes as part of ongoing legal scrutiny regarding the financial dealings of the former president's business entities.

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Read the full story at the source France 24 · FR
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