A Brazilian federal judge, facing scrutiny from U.S. authorities, has cautioned the country’s banking sector against unilaterally enforcing international sanctions. The judge emphasized that only domestic courts and regulators have the authority to impose such measures within Brazil, warning financial institutions not to act on external pressure from Washington or other jurisdictions.
The statement comes amid growing U.S. efforts to expand the reach of its sanctions policies worldwide, often targeting entities in Latin America. By pushing back, the judge reinforced Brazil’s sovereignty over its financial system and cautioned banks that compliance with foreign sanctions could breach national laws and customer protections.
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