Aug. 3 (UPI) -- Capital One attorneys said in court documents that the bank closed the Trump Organization's accounts over concerns about money laundering.

Bank accounts held by President Donald Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the weekend.

Capital One has told a court it closed Donald Trump-linked accounts in 2021 after AML flags. The filing sharpens a wider fight over whether Trump was debanked for politics or risk.

The court filing is tied to a lawsuit filed against Capital One by one of Trump's financial holding companies shortly after he was sworn into office a second time.

The court filing is tied to a lawsuit filed against Capital One by one of Trump's financial holding companies shortly after he was sworn into office a second time.

The transaction patterns identified are among the types flagged by federal banking guidance, its July 31 filing said. Read more at straitstimes.com. Read more at straitstimes.com.

Bank accounts held by President Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the

Capital One closed President Donald Trump’s accounts in mid-2021 after flagging financial activity that resembled money laundering.

Capital One says months of anti-money-laundering analysis—not politics—led it to close more than 300 Trump-affiliated bank accounts.