Sync-PnPSharePointUserProfilesFromAzureActiveDirectory not working after update to 2.12.0

[stengaard-jyskebank-dk]

When I try to call Sync-PnPSharePointUserProfilesFromAzureActiveDirectory after updating PnP.Powershell to 2.12.0 I get this error:
Sync-PnPSharePointUserProfilesFromAzureActiveDirectory : Code: Authorization_RequestDenied
Message: Insufficient privileges to complete the operation.
Inner error:
AdditionalData:
date: 2024-09-25T17:20:15
request-id: 712cb8a7-187f-4666-bd99-0f16a33fd2bd
client-request-id: 712cb8a7-187f-4666-bd99-0f16a33fd2bd
ClientRequestId: 712cb8a7-187f-4666-bd99-0f16a33fd2bd
At D:\AST\Powershell\UpdateSPUserProfileFieldForUser.ps1:12 char:1

• Sync-PnPSharePointUserProfilesFromAzureActiveDirectory -UserProfilePr ...

•   + CategoryInfo          : InvalidOperation: (:) [Sync-PnPSharePo...ActiveDirectory], PSInvalidOperationException
    + FullyQualifiedErrorId : InvalidOperation,PnP.PowerShell.Commands.UserProfiles.SyncSharePointUserProfilesFromAzureActiveDirectory
  
  

According to this link: https://pnp.github.io/powershell/cmdlets/Sync-PnPSharePointUserProfilesFromAzureActiveDirectory.html these permissions are needed for the command, and I have set those in the Enterprise Application
SharePoint: Sites.FullControl.All, TermStore.ReadWrite.All, User.ReadWrite.All
Microsoft Graph: User.Read
ACS: No longer needed

What am I missing?