Trump's bank accounts were closed due to concerns over possible money laundering: Capital One
- Posted on August 4, 2026
- By Business News Today
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- 1 min read
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Trump's bank accounts were closed due to concerns over possible money laundering: Capital One
Capital One closed Donald Trump's accounts in 2021 after flagging suspicious financial activity. The bank stated these closures resulted from anti-money laundering team analysis and regulatory guidance. Trump alleges Capital One illegally closed his accounts for political reasons after January 6 attacks. Both Capital One and JPMorgan Chase deny severing relationships for political motivations. Trump's legal team maintains the de-banking was for blatantly political reasons.
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