• Capital One closed over 300 accounts held by the Trump Organization after an anti-money laundering review.
• The bank maintains the closures were not politically motivated or retaliatory actions.
• The Trump Organization has filed a lawsuit accusing Capital One of discriminatory practices linked to political beliefs.
• Capital One is seeking to dismiss the lawsuit based on procedural grounds and internal compliance assessments.
• Legal proceedings include discussions on compliance with federal banking secrecy laws and the nature of account closures.

Capital One Financial has filed a motion to dismiss a lawsuit from the Trump Organization, stating that the closure of over 300 bank accounts in 2021 was the result of an extensive **anti-money laundering (AML)** review conducted by its financial-crimes team. This marks the first formal acknowledgment by a bank that such concerns were tied to Trump’s family business, a detail made prominent in their latest filing, according to Reuters and India Times.

The Trump Organization alleges in its March 2025 lawsuit that the account closures were not based on financial compliance but rather motivated by political bias following the January 6, 2021, Capitol riot. Capital One counters this assertion, stating that its closures followed months of detailed compliance reviews and internal policy, emphasizing that the decision was grounded purely in risk assessment, as reported by Al Jazeera and NPR.

In their filings, Capital One asserts that their actions conform to **federal banking guidance** regarding transaction patterns that might flag laundering activity. Despite facing two judicial dismissals of prior complaints, the Trump Organization continues to amend their claims. Capital One contends that these complaints lack substantial grounds and that any allegations of political motives are based on **"cherry-picked quotations"** devoid of context, according to Reuters and Al Jazeera.

Notably, **confidentiality issues** regarding the specifics of the AML review have become a focal point in the case, with Capital One asserting that U.S. laws prevent it from disclosing certain findings publicly. Capital One's legal counsel highlighted that the bank had no obligation to notify the Trump Organization about any concerns before account closures, referencing contract clauses that permit account closure for broad reasons, as stated by NPR.