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Treasury Under Secretary David Cohen, left, addresses a news conference in Brooklyn, N.Y., Tuesday, Dec. 11, 2012. British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics traffickers in Mexico, U.S. authorities announced Tuesday. He is joined by US Attorney for the Eastern District of New York Loretta Lynch, center, and Lanny Breuer, right, Assistant Attorney General of the Justice Department's Criminal Division. (AP Photo/Richard Drew)