Capital One Financial 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 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.
The Trump Organization and Capital One did not immediately respond to requests for comment.
Capital One has never accused the Trump Organization of money laundering. But Friday’s filing argues 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.”
Political Glance
One of Scouting America’s biggest gatherings has eliminated dedicated spaces for gay youth, women and scouts of color as the organization faces pressure from the Pentagon to pull back diversity efforts.
Progressive Abdul El-Sayed is leading Rep. Haley Stevens (D-Mich.) by 15 points ahead of next week’s Democratic primary for Michigan’s open Senate seat, according to a new poll.
Of all the Democratic primaries between a progressive populist and establishment liberal this year, the Michigan Senate contest Aug. 4 could be the most consequential in mapping the party's future.
Democratic Majority for Israel is behind a million-dollar effort to slow the momentum of populist candidate William Lawrence in the closing days of a three-way primary in mid-Michigan’s 7th congressional district, according to two sources familiar with the arrangement.





























