American bank explains Trump account freeze over suspected money laundering
In 2021, Capital One closed former President Donald Trump's accounts after detecting financial activity suspected of money laundering, according to a legal file submitted by the bank. Trump claimed that the closure was illegal and politically motivated, especially following the January 6 events, while the bank stated that the decision was based on a thorough review by its anti-money laundering team in accordance with regulatory policies. Trump filed a lawsuit against both Capital One and J.P. Morgan Chase, alleging that he was deprived of banking services, but both banks denied that they had severed their relations for political reasons.
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