Along with a $1.92B fine for allowing itself to be used as a tool for money-laundering by...

|By:, SA News Editor

Along with a $1.92B fine for allowing itself to be used as a tool for money-laundering by Mexican drug cartels (not to mention sweethearts in the Middle East and elsewhere), HSBC (HBC) will spend $700M on a global "know your customer" program - more or less the implementation of a range of anti-money-laundering safeguards.