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NewsWPLG Local 10 – Main FeedAugust 3, 2026Miami-Dade County

Capital One closed Donald Trump's bank accounts in 2021 citing money laundering concerns

Photo: WPLG Local 10 – Main Feed

Capital One closed bank accounts belonging to Donald Trump in 2021 after identifying financial activity with characteristics of money laundering. The bank disclosed this information in a recent court filing.

BankingFinanceLegalMoney Laundering
Read the full story at WPLG Local 10 – Main Feed

Why It Matters

This disclosure provides public insight into the internal risk management decisions of a major financial institution regarding the accounts of a former U.S. President.

Key Facts

  • Capital One closed bank accounts held by Donald Trump in 2021.
  • The bank cited financial activity with characteristics of money laundering as the reason for the closure.
  • The disclosure was made in a court filing released over the weekend.

Who's Mentioned

OrganizationJPMorgan Chase“Bank also being sued by Trump for alleged debanking”OrganizationCapital One“Bank that closed the accounts and is currently being sued”locationNew York“Location of the AP report.”other300“Number of bank accounts closed by Capital One”PersonDonald Trump“President and plaintiff in the lawsuit against Capital One and JPMorgan Chase”