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

Capital One has officially announced the closure of accounts associated with the Trump Organization. This decision follows an anti-money laundering probe conducted by the financial institution. The bank took this action as a direct result of the investigation into the organization's financial activities. The move highlights the bank's adherence to regulatory standards regarding money laundering prevention while terminating its professional relationship with the entity linked to the former president's business operations and corporate accounts.