North Korea’s Removal from Terror List Will Have Little Impact on Banks

By Brian Orsak

A decision by the Bush administration to remove North Korea from its state sponsors of terror list will have little impact on how financial institutions and other companies deal with the Asian country. Plans to remove North Korea from the list within 45 days, announced Thursday, follow an agreement by the communist government to turn over documents detailing its nuclear program and destroy the cooling tower of its Yongbyon nuclear reactor Friday. North Korea, added to the list in January 1988, is one of five countries deemed terror sponsors by the United States. Additionally, the United States will lift provisions...