US bank suspends Trump's accounts over money laundering suspicions
In 2021, Capital One closed the accounts of former U.S. President Donald Trump due to financial activities that the banks considered to have characteristics of money laundering, following a thorough review by the Anti-Money Laundering team. Trump filed a lawsuit against the banks, claiming that the closures were politically motivated, especially after the January 6 events. However, he denied that the measures were politically driven or that the banks severed their ties with him for reasons related to his reputation.
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