Unveiling the settlement, HSBC said that, in the past several years, the board had taken decisive action to direct management to "fix past shortcomings as they have come to light".
It included an increase in spending on anti-money laundering nine-fold between 2009 and 2011 and clawing back bonuses for a number of senior officers.
HSBC said it had also simplified its control structure, to allow the company to manage risks worldwide more effectively.
More top news
Fans around the globe have been celebrating Pac-Man's 35th anniversary by paying homage to the smiley faced character.
Sir Ian McKellen has revealed he was in "two minds" about accepting his knighthood as he thinks the honour system is unfair.
Harlem Globetrotters legend Haynes has been hailed as "a pioneer" who helped "set the tone for modern basketball", following his death.