The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?
Eurozone finance ministers reached a last minute deal to grant Cyprus a $13 billion bailout early this morning. Those with large deposits in Cypriot banks could be hit will a tax of 30 percent in order to help fund the bailout.