Capital One Financial?said in a court filing late Friday that it closed accounts belonging to President Donald Trump¡¯s sprawling real estate company in 2021 for legitimate reasons after an internal review by the bank¡¯s anti-money laundering team.
The lender made the revelation in a filing asking a judge to toss out a Trump Organization lawsuit accusing it of illegally ¡°debanking¡± the president¡¯s company because of political discrimination following the assault on the capitol by his supporters on Jan. 6, 2021.
Capital One, which denies discriminating against Trump¡¯s business, said the internal review was triggered by ¡°transaction patterns¡± that ¡°are among the types of activity flagged by federal banking guidance.¡± The bank said it¡¯s only making the anti-money laundering review public now as a result of the litigation.
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