One of America's Largest Banks Accuses Trump Organization of Money Laundering

According to Reuters, American Capital One Financial Bank has stated in court that the decision to close more than 300 accounts associated with the Trump Organization was made by experts in anti-money laundering following months of investigation.

The agency notes that this is the first instance in which a major U.S. bank has officially linked concerns over potential money laundering to President Donald Trump’s family business.

The bank is seeking to dismiss the lawsuit in which the Trump Organization claims that the accounts were closed for political reasons following the events at the Capitol in January 2021.