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Trump accounts were closed in 2021 over money-laundering concerns: Capital One

  • Posted on August 3, 2026
  • By South China Morning Post
  • 1 Views
  • 1 min read
In brief

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.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Trump accounts were closed in 2021 over money-laundering concerns: Capital One
Trump accounts were closed in 2021 over money-laundering concerns: Capital One

The bank’s disclosure is tied to a lawsuit against Capital One alleging that it illegally closed Trump’s accounts for political reasons.
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Author
South China Morning Post

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