Capital One Says It Closed Trump Organization Accounts After Anti-Money Laundering Review

The bank said the account closures followed a routine anti-money laundering review rather than political considerations.

Capital One says it closed Trump Organization accounts following an internal anti-money laundering review, rejecting claims the decision was politically motivated.

The bank said such reviews are routine and apply the same standards to all customers.

The dispute has renewed debate in Washington over so-called de-banking of political figures.