Capital One is asking a federal judge to throw out a lawsuit filed by President Trump’s trust over the closure of accounts tied to the Trump Organization. The bank says the accounts were not shut down arbitrarily, but only after a review process raised potential money laundering concerns.
According to the bank’s lawyers, experts flagged issues during that review, leading Capital One to close the Trump Organization-affiliated accounts years ago. In its latest court filing, the company argues that those circumstances undercut the legal claims made in the lawsuit.
The case centers on whether Capital One acted properly when it ended the banking relationship. Trump’s trust has challenged the closures in court, while the bank maintains that its decision followed compliance and risk-review procedures tied to financial crime concerns.
The dispute now moves to a federal judge, who will decide whether the lawsuit can continue or should be dismissed at this stage. The filing puts the focus on how banks handle high-profile clients when internal or expert reviews identify possible anti-money-laundering risks.
