Trump accounts were closed in 2021 over money-laundering concerns: Capital One
- Posted on August 3, 2026
- By South China Morning Post
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- 1 min read
Capital One has revealed that former President Trump's accounts were terminated in 2021 following anti-money laundering compliance reviews. The bank's statement emerges amid ongoing litigation where Trump alleges the institution unlawfully closed his accounts due to political bias. This disclosure highlights the tension between financial institutions' regulatory obligations and accusations of discriminatory account closures based on political affiliation.
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