Comment by clumsysmurf
7 hours ago
Perhaps I should have linked to the Reuters version instead; it was covered widely:
"Capital One has never accused the Trump Organization of illegal money laundering. But Friday's filing argues that "documents and Plaintiffs’ own allegations make clear that Capital One closed Plaintiffs’ accounts for anti-money laundering (“AML”) reasons"
from
https://www.reuters.com/legal/government/capital-one-says-it...
Other points:
* Capital One says anti-money laundering review prompted closure of more than 300 Trump-affiliated accounts
* Trump Organization and Eric Trump sued in March 2025, alleging political debanking
Notice "political debanking" :)
Doesn't explain the lack of SARs, which they are legally obligated to file in that case.
Reuters made the same rudimentary error. Capital One never said that in any filing. They said the opposite, that they have never revealed ANY reason.
You can read the filings yourself, or review the notable lack of SARs in the FinCEN leaks.
Capital One is obligated to file SARs in the event of money laundering. They did not do so.