Dharma: Diplomacy between US and Brazil changes with PCC and CV as terrorists

To WW, Creomar de Souza, CEO of the consultancy Dharma Politics, the classification of the PCC (Primeiro Comando da Capital) and the CV (Comando Vermelho) as terrorist organizations by the United States represents a profound change in the parameters that guided diplomacy between the two countries.

Creomar also points out significant impacts on economic actors and strategic sectors of the Brazilian economy.

Reactions to the measure have been diverse.

Specialists in the fight against organized crime, such as prosecutor Lincoln Gakiya, from São Paulo, adopt a cautious stance, signaling that the change could alter - and even make difficult - the fight against organized crime in the country.

Representatives of the Armed Forces have expressed openness to possible cooperation in matters of border surveillance, as long as it occurs between countries and without excessive politicization.

Instability as the first variable
According to Creomar, the scenario that is being designed has instability as the first variable.

"The parameters that guided not only Brazilian diplomacy in its relationship with the United States until now, but also the behavior of economic actors, change", he stated.

He highlighted that, if there is no reversal of the measure - as occurred in a previous situation involving the Magnitsky Law -, the process of political risk management by private actors will be completely transformed.

The change, according to the CEO, forces Brazilian companies to consider not only the internal scenario, but also the interpretations of American political authorities regarding certain types of financial movements.

This applies even to companies that would not, in principle, have a direct interest in the United States.

PIX at the center of concerns
As an example of the concrete risks that may arise, Creomar cited the Pix payment system, coordinated by the Central Bank of Brazil.

According to him, an authority or bureaucrat in Washington, pressured by the interests of American companies, could argue that Pix facilitates money laundering processes because it is not subject to compliance rules originating in the United States.

"This changes the precedent and the markers on the board in a very profound way," he said.

The expert highlighted that, based on this new reality, a manager of a Brazilian financial company who until then was only concerned with the local electoral scenario now also has to consider how Washington will validate his decisions.

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Source: CNN