this man instills fear in anyone on earth, it's a fact, synonymous with COURAGE, long live XANDÃO
Post
Investidor Eclético
·
--
Magnitsky Act on Alexandre de Moraes: what it is, how it came to Brazil, and why it impacted the banks
Minister Alexandre de Moraes 2025
On July 30, 2025, the US government sanctioned STF Minister Alexandre de Moraes under the Global Magnitsky Act (EO 13818). This blocks any assets under US jurisdiction and prohibits 'US persons' (individuals and companies under US laws) from dealing with the sanctioned individual. The reaction in Brazil came with a decision from Minister Flávio Dino (STF) determining that foreign laws/orders do not have automatic effect in the country without judicial validation — creating an impasse for banks with operations and exposure in dollars.
On July 30, 2025, the US government sanctioned STF Minister Alexandre de Moraes under the Global Magnitsky Act (EO 13818). This blocks any assets under US jurisdiction and prohibits 'US persons' (individuals and companies under US laws) from dealing with the sanctioned individual. The reaction in Brazil came with a decision from Minister Flávio Dino (STF) determining that foreign laws/orders do not have automatic effect in the country without judicial validation — creating an impasse for banks with operations and exposure in dollars.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.