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00:02Capital One said it closed the Trump Organization's bank accounts after a review by anti-money laundering
00:08experts, rejecting claims that the decision was politically motivated, according to Reuters.
00:13The bank did not accuse the Trump Organization of money laundering, but closed its accounts
00:17after months of anti-money laundering analysis under bank policies and regulatory guidance.
00:22Capital One notified the Trump Organization in March 2021 that it would close more than 300
00:28affiliated accounts, prompting the company and Eric Trump to sue in 2025 and allege political
00:34discrimination.
00:35Capital One said the Trump Organization's political discrimination claims were misguided and relied
00:41on selectively chosen quotations presented without their full context.
00:44Both the Trump Organization and Capital One did not immediately respond to Reuters' requests
00:50for comment.
00:51For all things money, visit Benzinga.com.
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