Trafigura has announced a potential $1.1 billion financial impact due to suspected fraud involving employees in its Mongolian oil operations. This alarming revelation comes as the company prepares to address the fallout from the incident. In a separate development, the U.S. government has imposed sanctions on two Swiss lawyers for their involvement in helping Russia launder money through shell companies. Meanwhile, UBS has successfully reduced its damages owed to Georgian tycoon Bidzina Ivanishvili by $282 million, stemming from a significant embezzlement scandal linked to a former Credit Suisse banker. UBS continues to integrate Credit Suisse's operations amid ongoing scrutiny from regulators regarding capital requirements. The Swiss Finance Minister, Karin Keller-Sutter, emphasized that UBS's additional capital obligations will largely depend on the bank's preparedness for emergency scenarios and its overall resolvability. Additionally, the Swiss parliament is unlikely to impose stricter rules on lawyers to combat money laundering, as many lawmakers are attorneys themselves, according to Keller-Sutter.