Capital One Cites Anti-Money Laundering Review Over Trump Organization Debanking Claims
Authored by Owen Evans via The Epoch Times,
Capital One asked a judge to dismiss a lawsuit brought by the Donald J. Trump Revocable Trust, part of the Trump Organization, claiming that the bank's 2021 debanking of hundreds of Trump-linked accounts followed an internal anti-money laundering review and not the political discrimination the plaintiffs allege.
In a motion to dismiss filed on July 31 in the U.S. District Court for the Southern District of Florida before Judge Roy Altman, Capital One said the accounts were terminated after a review by anti-money-laundering experts.
The filing said that "documents and Plaintiffs' own allegations make clear that Capital One closed Plaintiffs' accounts for anti-money laundering (AML) reasons."
"The closures were the result of months of analysis and a careful review by Capital One's AML team in accordance with bank policies and regulatory guidance," it added.
Capital One said in the filing that the Trump Organization's allegations of political pretext were "misguided" and "based on cherry-picked quotations unsupported by the full context" of documents submitted to the court.
It did not accuse the Trump Organization of money laundering.
The case, filed in 2025, focuses on Capital One's March 2021 decision to close deposit accounts held by the Trump Organization and related entities.
Capital One informed the Trump Organization in March 2021 that "hundreds" of its bank accounts would be closed by June 7, 2021, according to an original lawsuit filed by The Trump Organization and Eric Trump, the president's son, in Miami-Dade Circuit Court in March 2025.
The plaintiffs said they believed Capital One was harboring "unsubstantiated, woke" beliefs that "it needed to distance itself from President Trump and his conservative political views," which they alleged motivated the bank to abruptly close the organizations' accounts.
At the time, Capital One told The Epoch Times that it "has not and does not close customer accounts for political reasons."
Capital One's recent filing said the rules governing the accounts allow it to "close any account in our sole discretion at any time for any or no reason."
Capital One's first attempt to dismiss the case, filed in May 2025, was withdrawn after the plaintiffs filed an amended complaint the following month.
Its second attempt succeeded in March this year, when a judge dismissed the case but gave the plaintiffs another chance to refile.
Capital One is now asking the court to dismiss the current complaint and said that the latest version "suffers from the same fundamental flaws as their prior two pleadings."
President Donald Trump also filed a lawsuit against JPMorgan Chase in January over alleged debanking.
Alejandro Brito, the president's personal attorney, filed a $5 billion lawsuit on Jan. 22 in Miami's Florida state court on behalf of the president and his hospitality companies.
Following the January 2021 breach of the U.S. Capitol, the largest bank in the United States shuttered the accounts of Trump and his related entities.
JPMorgan told The Epoch Times that the case "has no merit."
Trump signed an executive order in August 2025 to stop banks from denying people financial services because of their political or religious beliefs, a practice known as debanking.
According to a White House fact sheet, the executive order requires federal banking regulators to investigate whether banks have engaged in "politicized or unlawful debanking" and to issue penalties such as "fines or consent decrees."
The order also directs regulators to remove terms such as "reputational risk" from their guidance - language that has allegedly been used to justify debanking.
The Trump Organization and Capital One did not immediately respond to The Epoch Times' requests for comment.
Troy Myers, Andrew Moran, and Emel Akan contributed to this report.
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- • Capital One is seeking to dismiss a lawsuit from the Trump Organization regarding the 2021 closure of hundreds of accounts.
- • The bank claims the closures resulted from internal anti-money laundering reviews rather than political discrimination.
- • The Trump Organization alleges the bank acted on woke ideological biases to distance itself from conservative values.
This legal battle follows a broader pattern of financial institutions severing ties with political figures following the January 6 Capitol breach. President Trump has responded with executive orders to prevent banks from denying services based on religious or political beliefs.
Christian Perspective
Financial institutions are using regulatory jargon like anti-money laundering as a shield to mask ideological warfare against Christian and conservative citizens. This behavior mirrors the systemic efforts of globalist entities to starve the faithful of the resources necessary to build and sustain their communities. It is a direct assault on the ability of patriots to operate within the American economy.
Implications
If banks are permitted to use vague compliance reviews to target political opponents, the financial system becomes a weapon of cultural tyranny. This undermines the economic sovereignty of families and organizations that uphold traditional values. It creates a society where participation in the marketplace is contingent upon ideological conformity.
Broader Trends
We are witnessing a coordinated effort by the managerial elite to implement a soft form of social credit scoring through the banking sector. This debanking phenomenon is a tool used by hostile institutions to marginalize those who resist the progressive agenda. It is part of a larger strategy to weaken the nation by attacking its most effective leaders and defenders.
Takeaway
Americans must prioritize financial independence by utilizing decentralized tools like Bitcoin to bypass corrupt banking gatekeepers. We must continue to demand strong leadership that protects the economic rights of religious and political dissidents. True strength lies in building parallel institutions that are not beholden to the whims of woke corporations.
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