Trump in legal battle with Capital One after accounts closed over money laundering concerns in 2021

Capital One closed some accounts belonging to former President Donald Trump and his organization in 2021, citing concerns about money laundering. In response, Trump has filed a lawsuit against the bank, alleging the closures were politically motivated retaliation following the Jan. 6 Capitol riot.

Ross Delston, an attorney and expert in anti-money laundering practices, provided an analysis of the situation on "The Takeout." The case highlights the complex intersection of financial regulations, political actions, and high-profile individuals.

Delston's commentary likely focused on the legal standards for account closures due to suspected illicit financial activity and the potential grounds for Trump's claims of political retaliation. The lawsuit brings significant attention to Capital One's compliance procedures and the broader implications for financial institutions dealing with politically sensitive clients.