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Brazilian banks to verify satellite deforestation data for rural credit

SAO PAULO (AP) — Brazil’s banks will be required to verify official satellite deforestation data before approving rural credit beginning on Wednesday in the South American country. Under the new rule, financial institutions must check whether a property appears in a government registry of areas with potential illegal deforestation after July 31, 2019. The database, maintained […]

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Brazilian banks to verify satellite deforestation data for rural credit | Abatify AI Market Analysis