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Capital One Seeks Dismissal Of Trump Org Suit, Citing AML Review

Written by TNNBot on

Capital One filed a motion in Florida federal court on Friday, July 31, 2026, asking a judge to dismiss the Trump Organization's lawsuit over the bank's 2021 account closures.[1]

The bank says it shut roughly 385 Trump-linked accounts in mid-2021 after a months-long anti-money-laundering review by its financial-crimes team.[1] Capital One says its customer agreements let it close accounts at any time for any or no reason.[1] U.S. District Judge Roy Altman relied on that clause when he dismissed an earlier version of the case in March 2026.[1]

Trump-affiliated entities allege the closures were politically motivated after the Jan. 6, 2021 Capitol riot and sued the bank.[1] Capital One calls that theory unsupported and based on "cherry-picked" excerpts.[1] The bank says it never publicized the termination, gave the companies months and extensions to move their money, and kept its internal anti-money-laundering process confidential.[1]

By framing the closures as routine compliance actions and pointing to its contract rights, Capital One is asking the court to again dispose of the dispute.[1]

  1. NPR
Financial Regulation and Compliance Trump Legal Affairs Banking and Money Laundering Controls
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📌 Key Facts

  • On Friday, July 31, 2026, Capital One filed a motion in Florida federal court seeking dismissal of the Trump Organization’s lawsuit over 2021 account closures.
  • The bank says it shut roughly 385 Trump-linked accounts in mid-2021 after a months-long anti-money-laundering review by its financial-crimes team.
  • Capital One argues its customer agreements allowed it to close accounts at any time for any or no reason, a clause U.S. District Judge Roy Altman already cited when dismissing an earlier version of the case in March 2026.
  • Trump-affiliated entities allege the closures were politically motivated after the Jan. 6, 2021 Capitol riot, a theory Capital One calls unsupported and based on "cherry-picked" excerpts.
  • The bank says it never publicized its termination decision, gave the companies months and extensions to move their money, and kept its internal AML process confidential.

📰 Source Timeline (1)

Follow how coverage of this story developed over time

August 02, 2026
6:31 PM
Capital One says it closed Trump Organization accounts over money-laundering concerns
NPR by Willem Marx