Capital One raises anti-money laundering concerns in Trump Organization case

Capital One Financial is seeking to dismiss a lawsuit from the Trump Organization over the closure of more than 300 accounts in 2021, stating the decision followed an anti-money laundering review. The lawsuit alleges the closures were politically motivated, coinciding with the aftermath of the January 6 Capitol riot. Capital One asserts that its actions were compliant with federal banking guidelines and denies any accusations of political discrimination or illegal money laundering.

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