TIKTOK: How Criminals Use Livestream Gifting to ‘Wash’ Their Illicit Funds
TikTok, the globally popular social media platform, has recently come under scrutiny for its potential misuse in money laundering schemes. Criminals have exploited TikTok’s features, particularly its live-streaming and virtual gifting systems, to “wash” illicit funds, making them appear legitimate. This article delves into the mechanisms behind this exploitation, providing a detailed exposition of the methods employed. Understanding TikTok’s…
