Capital One shut down 385 Trump accounts over money-laundering flags after its own $390M FinCEN penalty

Capital One shut down 385 Trump accounts over money-laundering flags after its own $390M FinCEN penalty Vawn Himmelsbach Wed, August 19, 2026 at 12:30 PM EDT 5 min read COF DW labs Incorporated, noamgalai/ Shutterstock Earlier this month, court filings disclosed that Capital One closed 385 bank accounts associated with President Donald Trump in 2021 after flagging financial activities characteristic of money laundering. Financial institutions are required to follow a strict compliance regime that includes anti–money laundering (AML) and countering the financing of terrorism (CFT) regulations. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.  Here's what it is and 3 simple steps to fix it ASAP The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes Trump's trust, his companies and his son Eric Trump filed a lawsuit against Capital One last year, alleging the accounts were closed for political reasons following public backlash to the Jan. 6 attacks on the U.S. Capitol. The accounts included businesses such as a winery, a bottled-water company and a golf course developer. A spokesperson for Trump's legal team told The Associated Press that the lawsuit "holds Capital One accountable for its disgraceful conduct ." Tru…