But the very qualities that make these institutions worthy of the public's trust can also make them appealing to those who endeavor to expose exploit them. At President Trump's direction, Treasury is expanding its efforts to identify organizations that abuse charitable and nonprofit structures as vehicles for illicit finance. We are examining where tax exempt status has been exploited, where charitable entities have become financial conduits for foreign influence activity, and how those entrusted with stewardship of of these organizations have instead enabled violence. (05:48–05:59)
CLAIM
Asserts that the Treasury is increasing efforts to identify misuse of nonprofits for illicit finance.
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.
