Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank that aims to reduce poverty and promote sustainable economic growth in Asia. ADB issues sanctions to enforce compliance with its policies and support good governance. These sanctions can include restrictions on financial transactions, loans, and project funding for individuals and entities involved in unlawful activities or that violate ADB regulations.
Mitigate risk with our comprehensive screening solutions for your AML and sanctions compliance.
1 List
| List Name | Records |
|---|---|
Asian Development Bank SanctionsThe Asian Development Bank (ADB) imposes sanctions to maintain integrity and ensure fair practices in its operations. These sanctions are applied to individuals, firms, or organizations found to have committed fraud, corruption, or other unethical behaviors during ADB-Funded projects. The goal is to protect the adb’s financial resources and promote accountability. | 1,632 |
FAQs
Why is compliance with Asian Development Bank necessary?
Complying with the sanctions set by the Asian Development Bank (ADB) is essential for several reasons. These sanctions are in place to uphold international peace and security. They help prevent the funding of illegal activities that can harm communities and countries. By adhering to these sanctions, organizations contribute to a safer and more stable environment for everyone.
Which companies should comply with Asian Development Bank?
Companies involved in finance, infrastructure, and development projects in Asia must comply with ADB sanctions. These include banks, construction firms, and technology providers. Compliance ensures they adhere to ADB’s integrity standards, promoting fair practices and transparency. Failure to comply can lead to penalties or debarment, affecting their ability to operate in important markets.
APIs
Data License
Solutions
Pricing
All rights reserved | Terms of use Copyright ©2025 Trademo Technologies Inc.