But is true. I am a Brazilian who lives in Sweden and there are multiple banks here that have blank bans on transfers from/to Brazilian banks due to the amount of fraud and money laundering and lax KYC controls. It is simply too much work for the banks here to vet those transactions and they decided just to refrain from doing it.
He's not wrong though. "If you have nothing to hide, you have nothing to fear" is a popular saying here. People who lived under a military dictatorship not even half a century ago will actually utter those words.