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Report on Venezuela Custody Account Operations
Published by U.S. Department of State on November 12, 2026.
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… <p class="wp-block-paragraph">This report provides a comprehensive account of the Venezuelan natural resource revenues deposited in, held by, and disbursed from the U.S. Treasury Venezuela Custody Account (also referred to as the Venezuela Custody Account), a deposit fund account established consistent with Executive Order (E.O.) 14373, “Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People.” It documents the financial oversight, governance, and control mechanisms implemented by the U.S. Department of State and its contracted monitor and advisor, KPMG, to promote transparency and accountability in the management of these funds.</p> </div> <!--Downloadable Content Button Below Content--> <div class="wp-block-downloadable-content-button"> <a href="https://www.state.gov/wp-content/uploads/2026/11/Report-on-Venezuela-Custody-Account-Operations-January-September-2026.pdf" class="button button--outline button--outline-red button--corners button--download" target="_blank"> …
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- The U.S. took in $12 billion for Venezuela's oil. Nearly all of it went back to Venezuela. · cited for Where the report was posted
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Timeline entries this record anchors: State makes the report public.