Capital One Financial has asked a federal court to dismiss a lawsuit filed by the Trump Organization over the closure of its bank accounts. The bank said the decision was based on an anti-money-laundering review and not on politics. The filing was made on August 1. It offers the clearest explanation yet for why Capital One decided to end its banking relationship with the Trump family business in 2021. According to court documents, Capital One said a team of anti-money-laundering specialists spent months reviewing account activity before recommending the closures. The bank stated that the process followed internal policies and federal regulatory guidance. The dispute centers on more than 300 accounts linked to the Trump Organization. Capital One informed the company in March 2021 that the accounts would be closed. The Trump Organization and Eric Trump later filed a lawsuit in March 2025. The lawsuit claims the bank acted for political reasons. The plaintiffs argue that Capital One wanted to align itself with public sentiment following the January 6, 2021, attack on the U.S. Capitol. Capital One strongly rejected those claims in its latest filing. The bank said the allegations are not supported by the facts presented in court. The filing states that documents and statements from the plaintiffs themselves show that the account closures were connected to anti-money-laundering concerns. The bank said the decision came after careful analysis by experts who monitor financial risks. Capital One also said that transaction patterns reviewed during the investigation matched activity types that federal banking guidance often identifies as requiring closer examination. The bank did not accuse the Trump Organization of money laundering. Instead, it argued that banks must review customer activity and make risk-based decisions when concerns arise. Financial institutions in the United States operate under strict anti-money-laundering rules. These rules require banks to monitor transactions, identify unusual activity, and reduce risks that could expose them to regulatory problems. Capital One said its review process followed these requirements. The bank maintains that the account closures were based on compliance obligations rather than political beliefs. The Trump Organization has argued that the decision reflected a broader effort by major financial institutions to deny services to conservative individuals and organizations. The lawsuit claims the bank engaged in unfair treatment because of political views. The case comes at a time when the issue of “debanking” has become a major topic in Washington. Debanking refers to situations where banks close accounts or deny services to customers. Critics argue that some institutions use political or ideological considerations when making such decisions. Since returning to office for a second term, President Donald Trump has increased attention on the issue. His administration has voiced concerns that large financial institutions may discriminate against certain customers because of their political beliefs. In August 2025, Trump signed an executive order aimed at preventing discriminatory debanking practices. The order seeks to ensure that financial services remain available without political bias. The legal battle involving Capital One is not the only banking dispute connected to Trump. Earlier in 2025, Trump filed a separate lawsuit against JPMorgan Chase, raising similar concerns about access to financial services. The relationship between Trump and major banks has faced challenges for several years. During his first term as president, Trump sued Capital One and Deutsche Bank in 2019. That lawsuit sought to stop the release of financial records requested by congressional investigators. Deutsche Bank has also faced public scrutiny over reports that anti-money-laundering specialists raised concerns about certain transactions linked to Trump-related accounts. The bank denied those reports when they first emerged. The current case now places renewed focus on how banks balance regulatory compliance, customer relationships, and political scrutiny. A court decision on Capital One’s request to dismiss the lawsuit could shape the next stage of the dispute and influence future debates about banking practices in the United States.