Airbnb settles with OFAC over violating Cuba sanctions
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Airbnb (NASDAQ:ABNB) reaches a settlement with the U.S. Department of the Treasuryâs Office of Foreign Assets Control over apparent violations by the Airbnb Payments business.
Airbnb Payments agreed to remit $91,172.29 to settle its potential civil liability for violations of sanctions against Cuba

"This activity included payments related to guests traveling for reasons outside of OFACâs authorized categories as well as a failure to keep certain required records associated with Cuba-related transactions. The settlement amount reflects OFACâs determination that Airbnb Paymentsâ apparent violations were voluntarily self-disclosed and were non-egregious."
Shares of Airbnb (ABNB) are up 1.13% premarket to $174.63 after jumping 3.72% on the first trading day of the new year.
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