Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Airbnb Payments, Inc.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today 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 agreed to remit $91,172.29 to settle its potential civil liability for apparent violations of sanctions against Cuba.  Airbnb Payments processed payments related to guests traveling for reasons outside of OFAC’s authorized categories and failed to keep certain required records associated with Cuba-related transactions.  For more information, please visit the following web notice.