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LATEST: US Treasury to raise TikTok money laundering risks with Chinese officials

Premium September 12, 2025

The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020. REUTERS/Mike Blake/File Photo

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By David Lawder

U.S. Treasury Secretary Scott Bessent plans to raise money laundering risks on social media giant TikTok with Chinese Vice Premier He Lifeng at a meeting next week in Madrid.

The meetings will also cover trade, economic and national security issues. They are part of a September 12-18 trip that Bessent is making to Spain and Britain.

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NEWS: Financial crime activity reaches $4.4 trillion per year, growing nearly 20% annually

NEWS: World law enforcement chiefs set for EAFCS2026 to enhance fight against fraud and financial crime

NEWS: Orca Fraud raises $2.35M to scale real-time fraud intelligence tech

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