The Financial Conduct Authority hired a “third-party skilled person” to review safeguarding systems and controls of Airbnb Payments UK, after “gaps” in its compliance with regulations aimed at protecting customer funds were identified.

Those were rectified, but “issues” were identified with APUK’s anti-money laundering and counter-terrorist financing systems and controls.

Details were revealed in the prospectus for Airbnb’s float in New York, which is expected early next month with a value of $30bn (£22.6bn).

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