The U.S. Treasury Department has reached a settlement with Airbnb for apparent violations of sanctions against Cuba by the company that included unauthorized processing of payments and failure to maintain specific Cuba-related records. Airbnb agreed to remit $91,172.29 and settle its potential civil liability with the U.S. Department of the Treasury’s Office of Foreign Assets…
Treasury Office Settles With Airbnb For Violating Cuban Embargo
January 4, 2022
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US Reaches Settlement With Airbnb Over Cuba Sanctions Violations
The U.S. Treasury Department said on Monday it had reached a settlement agreement with a unit of home rental firm Airbnb Inc for violations of U.S. sanctions on Cuba. “Airbnb Payments agreed to remit $91,172.29 to settle its potential civil liability for apparent violations of sanctions against Cuba administered by the Treasury Department’s Office of…
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