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Treasury vows financial crackdown on political terrorism, cites OFAC and FinCEN tools
Summary
Treasury Secretary Scott Bessent said the Treasury will use sanctions and financial‑intelligence tools to disrupt funding for far‑left political terrorism, warned nonprofits can be exploited, and cited designations and Rewards for Justice incentives.
Scott Bessent, identified in the transcript as United States Secretary of the Treasury, told the State Department ministerial that disrupting financing is central to confronting political terrorism.
"At President Trump's direction, the United States Treasury is bringing the full weight of our authorities to defend the integrity of The US global financial systems," Bessent said, describing Treasury's Office of Terrorism and Financial Intelligence (TFI) as the agency unit responsible for identifying and disabling illicit funding channels.
Bessent warned that legitimate nonprofits and charities can be exploited as conduits for illicit finance and said Treasury will expand use of authorities including the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) to deny access to the U.S. financial system. He said the U.S. recently designated four far‑left organizations as foreign terrorist organizations and that the administration announced Rewards for Justice incentives of up to $10,000,000 to disrupt financing.
Bessent framed the work as international and iterative: Treasury will map funding flows, target facilitators and hold officers and directors accountable "where the evidence leads," and he called on partner countries to sustain cooperation.
His remarks were presented as a complement to NSPM 7 and the broader ministerial effort; the transcript records policy intentions and announcements but does not provide operational timelines or detailed case citations.
