US Reaches Settlement With Airbnb Over Cuba Sanctions Violations

US Reaches Settlement With Airbnb Over Cuba Sanctions Violations
The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan on June 14, 2018. Issei Kato/Reuters File Photo
Reuters
Updated:

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.