The payment subsidiary of vacation rental company Airbnb Inc. has agreed to settle allegations it violated U.S. sanctions against Cuba, the Treasury Department said Monday.
Airbnb Payments Inc. allegedly processed payments associated with guests traveling to Cuba for reasons outside of categories authorized by the U.S. government and failed to keep certain required records for Cuba-related transactions, according to the Treasury’s Office of Foreign Assets Control, which implements and enforces U.S. sanctions. Airbnb Payments has agreed to remit more than $91,000 as part of the settlement.
The Trump administration increased economic pressure on Cuba, reversing a shift under President Obama to a more open stance toward the nation that had led to an increase in travel between the two countries. Under President Biden, the U.S. continues to have broad sanctions on Cuba.
“Airbnb operates in more than 220 countries and…