Capital One says it closed Trump Organization's accounts after anti-money laundering probe

The Trump Organization and Capital One did not immediately respond to requests for ⁠comment

The disclosure marks the first time a bank has formally tied money laundering concerns to U.S. President Donald Trump's family business. Capital One is seeking to dismiss ​the case by casting doubt on claims of illegally debanking — or denying services on religious or political grounds — ​the Trump Organization. Picture: Nathan Howard/Pool Photo via AP.

Capital One Financial (COF.N), opens new tab hit back on Friday against a lawsuit over its decision to close ‌the Trump Organization's bank accounts years ago, stating that it did so after a review by anti-money laundering experts.

The disclosure marks the first time a bank has formally tied money laundering concerns to U.S. President Donald Trump's family business. Capital One is seeking to dismiss ​the case by casting doubt on claims of illegally debanking — or denying services on religious or political grounds — ​the Trump Organization.