Drop From Terrorism List Hastens Opening Of Cuban Market

Law360, Miami (April 14, 2015, 9:41 PM EDT) -- The White House said Tuesday that the Obama administration will remove Cuba from the list of state sponsors of terrorism, a move experts say is a major step toward establishing U.S. banking transactions on the island, full diplomatic relations with corresponding embassies and, eventually, increased trade with the island nation.

President Barack Obama signed off on a recommendation by the U.S. State Department to remove Cuba from the list after a review found Cuba had not provided any support for international terrorism in the past six months and had made assurances it would not do so in the future.

Secretary of...

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