Similar Issues with Other Banks Earlier in 2017, Deutsche Bank AG ( DB - Free Report ) also paid a $425 million fine as it was accused for involvement in a plan that illegally laundered $10 billion out of Russia. Notably, in 2012, HSBC Holdings plc ( HSBC - Free Report ) was blamed for substantial lapses in its anti-money laundering compliance and was fined $1.9 billion for misdeeds. Conclusion Banks across the globe have been facing increasing scrutiny for their business practices. Many of the firms have paid billions of dollars as fines and compensation to settle lawsuits and probes.