Capital One is a diversified financial services company, known for credit cards and retail banking, now in the news over an AML review tied to a Trump-related case.
Capital One has disclosed that its decision to close more than 300 Trump-affiliated accounts followed an AML review. The filing argues the moves were not politically motivated and are part of standard banking guidance. The Trump Organization has challenged the bank, seeking to dismiss the suit in Florida federal court. The case has seen multiple dismissals and amendments.