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Source:
The Fiscal Times
Capital One closed Trump accounts in 2021 for AML reasons
Capital One disclosed that it closed hundreds of Donald Trump's bank accounts in 2021 following a lengthy anti-money laundering review, rejecting the claim that the closures were politically motivated. The bank stated the accounts were terminated based on compliance procedures and regulatory guidance, and not for political reasons. Trump’s legal team asserts the shutdown was politically motivated and attempts to justify it as part of a broader effort to de-bank him and his businesses.
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