Capital One closed hundreds of accounts linked to former President Donald Trump and his businesses in 2021, citing anti-money laundering compliance as the reason for the action, according to a court filing. The bank stated that the closures were made to adhere to anti-money laundering regulations.
These account closures occurred in 2021, after Trump had left office. The specific details of the accounts or the exact nature of the businesses involved were not immediately specified in the filing.
This action by Capital One adds to a series of financial and legal developments involving the former president and his business interests since he left the White House in January 2021.