Trump's bank accounts were closed due to concerns over possible money laundering: Capital One

Capital One closed Donald Trump's accounts in 2021 after flagging suspicious financial activity. The bank stated these closures resulted from anti-money laundering team analysis and regulatory guidance. Trump alleges Capital One illegally closed his accounts for political reasons after January 6 attacks. Both Capital One and JPMorgan Chase deny severing relationships for political motivations. Trump's legal team maintains the de-banking was for blatantly political reasons.