Cannot upload large files (Request Entity Too Large)

When uploading a file of ~400MB, Dashboard display's an error. It seems to indicate that it the upload hits a file size limit of Tank

Steps to Reproduce

In Dashboard navigate to the files and upload manager
Click upload file
Select a flac file larger than 400MB
Click upload

Expected Result

The file is uploaded and no error is displayed.

Actual Result

No file is uploaded, a browser alert is displayed:

Logs & configuration

Default Tank configuration of Aura Web Docker Compose.

Browser console:

Failed to load resource: the server responded with a status of 413 (Request Entity Too Large) http://aura.local/tank/api/v1/shows/musikprogramm/files/12/upload
vue-logger.js:95 error |   413 Request Entity Too Large

{
    "data": "<html>\r\n<head><title>413 Request Entity Too Large</title></head>\r\n<body>\r\n<center><h1>413 Request Entity Too Large</h1></center>\r\n<hr><center>nginx/1.20.2</center>\r\n</body>\r\n</html>\r\n<!-- a padding to disable MSIE and Chrome friendly error page -->\r\n<!-- a padding to disable MSIE and Chrome friendly error page -->\r\n<!-- a padding to disable MSIE and Chrome friendly error page -->\r\n<!-- a padding to disable MSIE and Chrome friendly error page -->\r\n<!-- a padding to disable MSIE and Chrome friendly error page -->\r\n<!-- a padding to disable MSIE and Chrome friendly error page -->\r\n",
    "status": 413,
    "statusText": "Request Entity Too Large",
    "headers": {
        "connection": "close",
        "content-length": "585",
        "content-type": "text/html",
        "date": "Mon, 01 Aug 2022 15:08:22 GMT",
        "server": "nginx/1.20.2"
    },
    "config": {
        "transformRequest": {},
        "transformResponse": {},
        "timeout": 0,
        "xsrfCookieName": "XSRF-TOKEN",
        "xsrfHeaderName": "X-XSRF-TOKEN",
        "maxContentLength": -1,
        "headers": {
            "Accept": "application/json, text/plain, */*",
            "Content-Type": "application/octet-stream",
            "Authorization": "Bearer **redacted**"
        },
        "method": "put",
        "withCredentials": true,
        "url": "http://aura.local/tank/api/v1/shows/musikprogramm/files/12/upload",
        "data": {
            "$path": ""
        }
    },
    "request": {}
}

Environment

Aura Web Docker Compose