Asian Development Bank Sanctions

The 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.

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1,632 Entities in Asian Development Bank Sanctions
Entity NameEntity TypeEffective DateStatus

ZHONGCHEN ROAD BRIDGE CONSTRUCTION CO LTD

CompanyJun 26, 2019active

MS Target Engineering Corporation

CompanyOct 28, 2003active

ATLAS MEDICINE CONCERN PVT LTD

CompanyFeb 3, 2014active

Mactebac Contractors Limited

CompanyFeb 25, 2022active

DEVELOPMENT WITH ENGINEERING GENERAL CONTRACTORS SA

CompanyMar 29, 2016active

Xuzhou Construction Machinery Group Import and Export Co Ltd

CompanyNov 27, 2013inactive

Hebei Shangbai Construction Engineering Co Ltd

CompanyJul 22, 2024active

CP Power East Africa Limited

CompanyApr 4, 2022active

Pingdu Branch Zhejiang Hydro Power Construction Group Co Ltd

CompanyJun 2, 2023inactive

VN1 INDUSTRIAL GROUP JSC

CompanyFeb 11, 2021active

FAQs

Why is compliance with Asian Development Bank Sanctions necessary?

Compliance with sanctions imposed by the Asian Development Bank (ADB) is crucial for several reasons. First, these sanctions aim to promote fairness and integrity in development projects. By adhering to ADB sanctions, organizations help maintain a level playing field, ensuring that all entities operate according to the same standards.

Which companies should comply with Asian Development Bank Sanctions?

Businesses in sectors like finance, construction, and technology must comply with Asian Development Bank (ADB) sanctions. Compliance is crucial as it helps prevent financial dealings with restricted entities. Following these sanctions safeguards your organization from legal risks and promotes ethical practices, ensuring you do not inadvertently support activities that harm regional stability and growth.