Capitol One Claims It Debanked Trump Organization in 2021 over ‘Money Laundering’ Concerns, Not Political Bias– www.breitbart.com
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EXCERPT:
Capital One has asked a judge to dismiss a lawsuit accusing it of debanking President Donald Trump’s company after the January 6, 2021, riot at the Capitol in Washington, DC, claiming it closed Trump Organization accounts following an anti-money-laundering review.
The bank submitted a court filing on Friday and said the internal review was conducted due to patterns that “are among the types of activity flagged by federal banking guidance,” Bloomberg reported Saturday.
“The filing does not give details about the transactions at issue or accuse Trump or his company of wrongdoing,” the outlet said. “The decision to close the accounts was made as part of a process involving the lender’s anti-money-laundering professionals ‘with decades of law enforcement experience,’ the bank said.”
