The Trump Organization and Capital One have not commented on this issue.

Capital One has not accused the Trump Organization of money laundering. However, it closed the organization's accounts due to anti-money laundering concerns. This was after a careful review of documents and allegations.

In March 2021, Capital One planned to close over 300 Trump-affiliated accounts. The Trump Organization and Eric Trump filed a lawsuit in March 2025. They claimed the accounts were closed due to Capital One's beliefs and the political mood.

U.S. President Donald Trump spoke to the press on August 2, 2026.

Capital One calls the allegations 'misguided'.

A federal court in Miami has dismissed two complaints in the case. However, it gave the plaintiffs a chance to submit an amended complaint. Capital One says the latest version has the same flaws as before.

Capital One says the Trump Organization's allegations are 'misguided' and lack context.

The transaction patterns identified by Capital One are similar to those flagged by federal banking guidance.

Since Trump's second term, his administration has pressured large banks. It claims they target the political right.

Trump signed an executive order against discriminatory debanking in August 2025. He filed a lawsuit against JPMorgan Chase in January.

In 2019, Trump sued Capital One and Deutsche Bank to prevent them from sharing financial records with Congress. Deutsche Bank reportedly flagged some transactions, but executives ignored them.