European Union regulators accused TikTok on Thursday of breaching digital safety rules because of shortcomings in the video sharing app's online ad database. TikTok's ad repository isn't up to the standards required by the bloc's Digital Services Act,

TikTok could possibly face a hefty fine should the European Commission's allegations be confirmed.

TikTok Inc. isn’t fulfilling a European Union requirement meant to protect consumers from scam advertisements, putting the company at risk of a fine, the bloc’s executive arm said in a preliminary finding.