Capital One has told a court it closed Donald Trump-linked accounts in 2021 after AML flags. The filing sharpens a wider fight over whether Trump was debanked for politics or risk.

Bank accounts held by President Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the

Aug. 3 (UPI) -- Capital One attorneys said in court documents that the bank closed the Trump Organization's accounts over concerns about money laundering.

Capital One closed President Donald Trump’s accounts in mid-2021 after flagging financial activity that resembled money laundering.

Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021. Read more at straitstimes.com. Read more at straitstimes.com.

The transaction patterns identified are among the types flagged by federal banking guidance, its July 31 filing said. Read more at straitstimes.com. Read more at straitstimes.com.

Capital One has told a federal court it closed more than 300 Trump Organisation accounts after an anti-money laundering review. The filing places the dispute at the centre of a wider US row over alleged politically motivated debanking.

Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts back in 2021, stating that it did so after a money-laundering review. The ‌disclosure marks…