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 Foreign Assets Control (OFAC),” the department said in a notice. The apparent violations included payments related to guests traveling for reasons outside of OFAC’s authorized categories, as well as a failure to keep certain required records associated with Cuba-related transactions, the Treasury Department said. Airbnb Payments’ apparent violations were voluntarily self-disclosed and were non-egregious, the department added. Airbnb launched its Cuba business in 2015 and the scaling up of its services in Cuba appeared to “have outpaced the company’s ability to manage the associated sanctions risks,” according to the Treasury Department. The United States has …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta