Airbnb Payments, Inc. fined $91,172.29 for CUBA OFAC violations
04/01/2022
Airbnb Payments agreed to remit $91,172.29 to settle its potential civil liability for apparent sanctions violations against Cuba.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a settlement with Airbnb Payments, Inc. ("Airbnb Payments"), a registered money services business incorporated in 2013 under the laws of the State of Delaware and headquartered in San Francisco, California, and a wholly-owned subsidiary of Airbnb, Inc.
Airbnb Payments processed payments related to:
- Guests travelling for reasons outside OFAC's authorized categories and
- Failed to keep certain required records associated with Cuba-related transactions.
Please visit the following web notice for more information on the Settlement Agreement. https://home.treasury.gov/system/files/126/20220103_abnb.pdf
FRAUD