Capital One Closes Trump Organization Accounts Amid Anti-Money Laundering Probe

Capital One closed over 300 bank accounts linked to the Trump Organization in March 2021, following an extensive anti-money laundering review.

The move was part of a broader regulatory compliance exercise, according to Capital One's court filing. The bank emphasized that it acted on concerns raised by its compliance team and not for political reasons.

Eric Trump has described the family's banking troubles as a catalyst for their pivot toward digital assets, which they now aggressively pursue. The Trump Organization has expanded its crypto ventures significantly since the account closures, including NFT collections and broader blockchain-related business interests.