Capital One (COF) Closes Trump Organization Accounts After AML Review

Capital One Financial (COF) has announced the closure of the Trump Organization's bank accounts due to anti-money laundering (AML) concerns. This marks the first formal connection a bank has made between money-laundering concerns and the Trump Organization. The decision follows a review by Capital One's AML team, in line with regulatory guidance, and they began closing over 300 Trump-affiliated accounts in March 2021. Capital One is now defending against a lawsuit filed by the Trump Organization in March 2025, which claims the closures were politically motivated. The outcome may affect investor sentiment towards Capital One and its regulatory compliance practices.