Capital One has confirmed that it closed hundreds of bank accounts associated with the Trump Organization due to concerns related to possible money laundering. The bank cited its internal anti-money laundering review as the reason behind the closure of the accounts. This action, which affected over 300 accounts, was not politically motivated, according to Capital One, but rather a compliance measure in response to money laundering risks. The Trump Organization has initiated a lawsuit against Capital One, claiming that these actions were unjustified, but the bank is seeking dismissal of the suit, citing the legitimate anti-money laundering processes that led to the account closures.