The most common and most likely answer to this crossword clue is the 7 letter word LATINOS
I've seen this crossword clue in Financial Times
L
A
T
I
N
O
S
Buddy explains!
The straight part
We know that "Hispanics" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case hispanics = latinos.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does LATINOS mean?
LATINOS noun- (chiefly US) A person, especially and usually (interpreted as) a male, from Latin America, a Hispanic person. (Compare Latina.)