56 Days
Source:
الاقتصادية
US bank suspends Trump's accounts over AML checks
Reports indicate that US-based Capital One bank has closed Donald Trump's organization accounts following a review of anti-money laundering measures. The bank clarified that this decision was not due to any direct criminal charges but was based on its compliance with anti-money laundering policies that relied on detailed analyses over recent months. The Trump Organization and the former US president's son, Eric Trump, filed a lawsuit claiming that the closures were politically motivated. However, the bank affirmed that these political claims are misleading, and that transaction alerts were among the indicators that prompted further scrutiny. This marks the first official connection made by the bank between its decision to shut down Trump’s accounts and money laundering risks, following the closure of more than 300 accounts in 2021.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)