US EditionExclusive-Judge in US Crosshairs Warns Brazil Banks Not to Apply Sanctions Locally
Brazilian banks face legal conflicts as they navigate U.S. sanctions against Justice Moraes, risking fines and exclusion from U.S. operations, officials said.
- On July 30, 2025, the US Treasury Department imposed sanctions on Alexandre de Moraes, a judge of Brazil's highest court, under the Global Magnitsky Act and froze any assets he holds within the United States.
- The sanctions accused Moraes of restricting political rights and targeting critics, including actions against former President Jair Bolsonaro, who denies wrongdoing.
- Brazilian banks face a dilemma enforcing US sanctions due to conflicting domestic court rulings requiring Supreme Court approval for measures involving US Treasury rules.
- Shares of Banco do Brasil declined by 6% on Tuesday, marking the steepest decrease among the country’s top three banks, as company leaders cautioned that disregarding OFAC regulations could jeopardize business stability and conflict with Brazilian law.
- Moraes plans to challenge the sanctions in US courts, while Brazilian authorities and lawmakers seek resolution through diplomatic channels to prevent misuse of the law and financial instability.
12 Articles
12 Articles
Colorado Springs Gazette
Denver GazetteExclusive-Judge in US crosshairs warns Brazil banks not to apply sanctions locally
By Ricardo Brito and Brad Haynes
U.S. Sanctions on Brazil’s Justice Moraes Leave Banks Trapped Between Courts and Washington
The US Treasury Department announced on July 30, 2025, that it sanctioned Brazilian Supreme Court Justice Alexandre de Moraes under the Global Magnitsky Act. Officials cited his alleged role in restricting political rights and targeting critics. The sanctions froze any US-based assets of Moraes and prohibited US individuals or entities from conducting business with him. […]
Minister Alexandre de Moraes, of the STF (Federal Supreme Court), said that Brazilian courts can punish institutions are national financial institutions that block or confiscate assets in response to North America's orders. Read more (08/20/2025)
By increasing the tensions between the Supreme Federal Court (STF) and financial institutions, Brazilian banks have unilaterally analysed accounts of persons hit by the Magnitsky Act. The measure is considered to be a response to the impact caused by Minister Flavio Dino's decision, which made it difficult to apply the sanctions imposed by the United States to Minister Alexandre de Moraes last month. + Banks are confused with Dino, says the topi…
The markets are, in fact, nervous and volatile. Many times, their numbers, both up and down, reflect only passenger reactions. However, this does not seem to be the case of the recent reaction of thousands of economic agents, which caused decline in the value and high dollar box, after a monocratic decision by the Minister of the STF (Federal Supreme Court), Flavio Dino. In an attempt to blind the colleague of the Court, Alexandre de Moraes — wh…
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