1 month ago
Capital One Cites AML Rules, Not Politics, for Trump Accounts
Capital One, a big bank, decided to close over 300 accounts that belonged to the Trump Organization.
The bank said it did this because it was worried about money‑laundering rules, not because of politics.
The Trump family says the bank was being unfair because of their political views.
They sued the bank in 2025.
A court in Miami has already thrown out two earlier complaints but let them try again.
Trump also signed a law in August 2025 to stop banks from treating customers differently because of politics.
The case shows how banks and politics can clash over money rules.
Capital One said it closed 300+ Trump Organization accounts due to anti‑money‑laundering concerns, not political bias.
The bank cited months of AML analysis and federal guidance on flagged transaction patterns.
Trump Organization sued in 2025, alleging “woke” motives and political discrimination after the January 6 riot.
A Miami federal court has dismissed two earlier complaints but allowed amendments.
Trump signed an August 2025 executive order banning discriminatory debanking practices.
- Who
- Donald Trump, Eric Trump, and Capital One Financial
- What
- Lawsuit over the closure of more than 300 Trump Organization accounts
- Where
- Federal court in Miami, Florida, United States
- When
- March 2021 account closure notice; lawsuit filed March 2025; court actions in 2025
- Why
- Bank cites anti‑money‑laundering analysis; plaintiffs allege political bias
Key facts
- Bank
- Capital One Financial
- Plaintiffs
- Trump Organization and Eric Trump
- Number of Accounts Closed
- 300+
- Legal Action Filed
- March 2025 lawsuit in Miami federal court
- Reason Claimed by Bank
- Anti‑money‑laundering concerns
- Reason Claimed by Plaintiffs
- Political discrimination
- Court Status
- Two complaints dismissed, amended complaint pending
Quotes
Capital One representative
Official from Capital One’s compliance/legal team
“"Documents and Plaintiffs’ own allegations make clear that Capital One closed Plaintiffs’ accounts for anti‑money laundering (AML) reasons," according to Reuters.”
livemint.com
financialexpress.com
Sources
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