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

Hoang Mai Construction Import and Export Joint Stock Company

CompanyFeb 17, 2021active

Weihai Construction Group Co., Ltd Cote D’Ivoire S.A

CompanyApr 4, 2022inactive

NETZERO SERVICES PRIVATE LIMITED

CompanyMay 19, 2023inactive

YAVUZER CONSTRUCTION MACHINERY AND MATERIALS INDUSTRY AND TRADE CO. LTD.

CompanyAug 7, 2013active

Concesionaria Trasvase Olmos SA

CompanySep 24, 2019inactive

ALAMTECH INTERNATIONAL AND GENERAL SUPPLIER

CompanyOct 2, 2015active

Joycot General Contractors Limited

CompanyFeb 23, 2024active

CDW CONSTRUCTION CO LTD

CompanySep 17, 2014active

ASTRA BIOPHARMACEUTICALS LIMITED

CompanyOct 24, 2016active

Gesaworld SA Gesaworld Group SA

CompanyJan 13, 2023active

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.