President Donald Trump and his son Eric Trump, walk to Marine One on the South Lawn of the White House, on April 10 in Washington, D.C. Capital One attorneys said in court documents that the bank closed the Trump Organization’s accounts over concerns about money laundering. File Photo by Al Drago/UPI | License Photo
Aug. 3 (UPI) -- Capital One attorneys said in court documents that the bank closed the Trump Organization's accounts over concerns about money laundering.
Attorneys for the bank have asked a federal judge to dismiss a lawsuit brought by President Donald Trump over it closing hundreds of Trump Organization accounts in 2021. The motion filed by Capital One on Friday clarifies that money laundering concerns were the reason the accounts were closed.
"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," the court files read.
Trump argues that banks have "debanked" him and other conservatives for their political views. This followed the Jan. 6, 2021, riot at the U.S. Capitol. He has also filed a lawsuit against JPMorgan Chase for the same allegations and sought $5 billion in damages.
