Sure, the banks will make their staff sit through mandatory anti money laundering training videos. But HSBC is routinely fined for money laundering, and in Aust

Sure, the banks will make their staff sit through mandatory anti money laundering training videos. But HSBC is routinely fined for money laundering, and in Australia the big 4 banks are constantly being dragged through commissions around predatory lending and misleading money management schemes. See also: the LIBOR scandal. The fines are a pittance compared to the money made. Basel II seems to have had little effect on this behavior.