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Cubit Semiconductor Limited

On the SDN listEntityRUSSIA-EO14024

Cubit Semiconductor Limited (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: RUSSIA-EO14024. Addresses on file in: Ireland, Korea, South. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Ireland has 7 entities, vessels or aircraft with an address on the SDN list. Other sanctioned entities with an address in Dublin D06e849 are listed below.

Sanctions program

Russia (Executive Order 14024) RUSSIA-EO14024

Program created in April 2021 to address harmful foreign activities of the Russian government. Since the 2022 invasion of Ukraine it has been the basis for most Russia sanctions: banks, defense, technology and energy companies and their suppliers, including outside Russia. Designations under this order can carry secondary sanctions risk for foreign financial institutions that facilitate significant transactions.

Addresses on file

  • Milltown Court, 2 Milltown Road, Dublin D06E849, Ireland
  • 1671 Bong Myong Dong, Bon,, Office 1st Floor, Chungcheongbuk-Do, Cheongju-si 28452, Korea, South

OFAC remarks

Secondary sanctions risk: See Section 11 of Executive Order 14024.; Tax ID No. IE9794222F (Ireland); Registration Number 499093 (Ireland).

Frequently asked questions

What does it mean that Cubit Semiconductor Limited is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Cubit Semiconductor Limited?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.