Lawyers for Capital One on Friday asked a federal judge to dismiss a lawsuit brought by President Trump’s trust over its closing of Trump Organization-affiliated accounts years ago, saying it did so only after money laundering concerns were flagged by experts.
While attorneys for the Trump Organization, led by Donald Trump Jr. and Eric Trump, have alleged Capital One closed more than 300 Trump-linked accounts in 2021 over politics, lawyers for the defendants wrote in a Friday court filing that the financial institution closed the accounts “for anti-money laundering” reasons. “The closures were the result of months of analysis and a careful review by Capital One’s [anti-money laundering] team in accordance with bank policies and regulatory guidance,” added the 23-page motion, filed in federal court in the Southern District of Florida. Read more