Capital One Financial says it closed the Trump Organization’s bank accounts following an internal review involving anti-money-laundering (AML) experts, according to disclosures reported by multiple outlets. The statements come as Capital One responds to litigation seeking to challenge the bank’s decision to stop providing banking services to the Trump Organization years ago. Capital One argues that it acted based on AML concerns rather than for discriminatory reasons. The bank is also seeking to dismiss the lawsuit by questioning claims described as “debanking,” a term used in the case to refer to denying financial services on religious or political grounds. Media reports characterize the bank’s disclosure as notable because it is presented as the first formal instance in which a financial institution ties money-laundering concerns to the Trump Organization. The outlets also report that Capital One is disputing the allegations in the lawsuit and challenging the premise that the account closures were unlawful or motivated by non-financial factors. The reported details relate to the bank’s account-closure rationale and the ongoing legal dispute over whether the decision complied with relevant obligations.