The Trump family has shot itself in the foot with its legal gambit against Capital One.
The top bank revealed in a new court filing that its anti-money laundering experts had reviewed the Trump Organization’s accounts before it decided to close the company’s accounts.
Never before has a bank publicly acknowledged money laundering concerns involving Donald Trump’s business.
Capital One made the revelation in a court filing asking a judge to dismiss the Trump Organization’s lawsuit accusing the bank of illegally “debanking” the company because of its “woke” beliefs and political discrimination in the wake of the Jan. 6, 2021, Capitol attack.
“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,” the company said.
Capital One said it launched the review after identifying “transaction patterns” that “are among the types of activity flagged by federal banking guidance.”
The filing did not accuse Trump or his company of wrongdoing, and the company said the decision to close the Trump Organization’s accounts was reached through a process led by anti-money laundering professionals with “decades of law enforcement experience.”
https://www.thedailybeast.com/trump-fam ... tacularly/
It's a damned good thing their gods made them too stupid to see how **** funny this is.
The top bank revealed in a new court filing that its anti-money laundering experts had reviewed the Trump Organization’s accounts before it decided to close the company’s accounts.
Never before has a bank publicly acknowledged money laundering concerns involving Donald Trump’s business.
Capital One made the revelation in a court filing asking a judge to dismiss the Trump Organization’s lawsuit accusing the bank of illegally “debanking” the company because of its “woke” beliefs and political discrimination in the wake of the Jan. 6, 2021, Capitol attack.
“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,” the company said.
Capital One said it launched the review after identifying “transaction patterns” that “are among the types of activity flagged by federal banking guidance.”
The filing did not accuse Trump or his company of wrongdoing, and the company said the decision to close the Trump Organization’s accounts was reached through a process led by anti-money laundering professionals with “decades of law enforcement experience.”
https://www.thedailybeast.com/trump-fam ... tacularly/
It's a damned good thing their gods made them too stupid to see how **** funny this is.