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Three reasons why U.S. banks aren’t entering Cuba – yet
// Tampa Business News – Local Tampa News | The Tampa Bay Business Journal

It’s easy to get excited about the opening-up of trade relations with Cuba, and while many banks in South Florida and the U.S. are interested, unknowns are keeping financial institutions from being completely bullish on the island. There are three main reasons why banks aren’t entering Cuba quite yet: the cost of compliance for processing transactions, Cuba’s status as a country on the list of nations sponsoring terrorism and the vagueness of doing business in the region. Cost of compliance The…

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