Capital One says it closed hundreds of bank accounts associated with President Donald Trump and his businesses in 2021 "for anti-money laundering reasons," according to a recent court filing from the financial institution.

Capital One disclosed the money laundering review for the first time in a motion to throw out the president's lawsuit against the bank over the closure of his businesses' bank accounts, which the Trump family has alleged was politically motivated and unlawful.

While the bank did not accuse the Trump Organization of money laundering, Capital One said Trump's accounts were closed after a monthslong review by the bank's anti-money laundering team -- not for political reasons as alleged by the president and his family.

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