KPMG report: Washington sees every BCV dollar sale, and shows the public only totals

… eader><main class="flex-1"><script type="application/ld+json">{"@context":"https://schema.org","@type":"NewsArticle","headline":"KPMG report: Washington sees every BCV dollar sale, and shows the public only totals","description":"The report the State Department released on November 12 shows that the BCV hands over every dollar sale with the buyer's tax ID. Totals by sector and bank were released; the rate of each sale and the names are not there.","image":["https://veneeconomist.com/api/og/analysis-card?slug=informe-kpmg-cuenta-custodia-venezuela-dolares-petroleo-2026","https://veneeconomist.com/og-image.png"],"datePublished":"2026-11-13T05:23:24.848+00:00","dateModified":"2026-11-13T05:23:25.172479+00:00","isAccessibleForFree":true,"publisher":{"@type":"NewsMediaOrganization","name":"Vene Economist","alternateName":"VENE · ECONOMIST","url":"https://veneeconomist.com","logo":{"@type":"ImageObject","url":"https://veneeconomist.com/logo.png","width":512,"height":512},"ethicsPolicy":"https://veneeconomist.com/en/methodology","publishingPrinciples":"https://veneeconomist.com/en/methodology"},"author":[{"@type":"Organization","name":"Mesa Editorial Vene Economist","url":"https://veneeconomist.com/en/editorial-team"}],"articleSection":"Macro · Divisas y transparencia","articleBody":"On November 12, the State Department released KPMG's report on the account where the United States holds Venezuela's oil revenue in custody. It is dated October 29, runs 53 pages and has the depositors' names redacted. According to the document, between January 3 and September 30 the account took in $12.26 billion and disbursed $12.11 billion, nearly all of it as dollars the Central Bank of Venezuela (BCV) sold to companies and individuals. The report also shows that the BCV hands Washington every one of those sales with the buyer's tax ID, and that what was released is only the totals. KPMG appears as the State Department's technical advisor, and the text is explicit: its services \"do not constitute audit or attestation services under applicable professional standards.\"","wordCount":2085,"keywords":"Venezuela, economy, economic analysis, OFAC, BCV, oil, investment, country risk","mainEntityOfPage":{"@type":"WebPage","@id":"https://veneeconomist.com/en/analysis/informe-kpmg-cuenta-custodia-venezuela-dolares-petroleo-2026"},"url":"https://veneeconomist.com/en/analysis/informe-kpmg-cuenta-custodia-venezuela-dolares-petroleo-2026","about":{"@type":"Country","name":"Venezuela"},"inLanguage":"en-US"}</script><script type="application/ld+json">{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://veneeconomist.com/en"},{"@type":"ListItem","position":2,"name":"Analysis","item":"https://veneeconomist.com/en/analysis"},{"@type":"ListItem","position":3,"name":"KPMG report: Washington sees every BCV dollar sale, and shows the public only totals","item":"https://veneeconomist.com/en/analysis/informe-kpmg-cuenta-custodia-venezuela-dolares-petroleo-2026"}]}</script><article class="max-w-[760px] mx-auto px-6 pt-32 pb-12"><div class="mb-8"><button class="flex items-center gap-1.5 text-muted-foreground hover:text-foreground transition-colors mb-6 group" style="background:none;border:none;cursor:pointer;padding:0"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-chevron-left h-4 w-4 group-hover:-translate-x-0.5 transition-transform" aria-hidden="true"><path d="m15 18-6-6 6-6"></path></svg><span class="font-sans font-bold uppercase tracking-[2px] text-[9px]">Back to Analysis</span></button></div><header class="mb-8 pb-7 border-b border-border"><div class="flex items-center gap-2 mb-2"><span class="w-5 h-0.5 bg-[var(--editorial-red,#8C1D18)]"></span><span class="font-mono text-[10px] tracking-[2px] text-[var(--editorial-red,#8C1D18)] uppercase">Analysis Type C — Sectoral · NOVEMBER 13, 2026</span></div><h1 class="font-serif text-[clamp(26px,3.8vw,40px)] font-normal leading-[1.15] mb-3">KPMG report: Washington sees every BCV dollar sale, and shows the public only totals</h1><p class="text-sm text-muted-foreground leading-relaxed max-w-[600px]">The report the State Department released on November 12 shows that the BCV hands over every dollar sale with the buyer&#x27;s tax ID. Totals by sector and bank were released; the rate of each sale and the names are not there.</p><div class="text-[11px] text-muted-foreground/60 mt-3.5">Published<!-- --> <!-- -->November 13, 2026</div></header><div class="prose prose-sm dark:prose-invert max-w-none …