Scott Bessent: “Increasingly, legitimate nonprofit and charitable structures…”

“Of course, whatever form they take, none of these attacks sustain themselves. Violence requires money channels through which funding can move and institutions behind which it can hide. Increasingly, legitimate nonprofit and charitable structures are being exploited as a mechanism to conceal the movement of illicit funds to support political terrorism. For treasury, the application of our authorities to combat these networks represents the natural evolution of our mission.” (04:24–04:38)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.