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 Name | Entity Type | Effective Date | Status |
---|---|---|---|
Nepal Branch Zhejiang Hydro Power Construction Group Co Ltd | Company | Jun 2, 2023 | inactive |
Nishan Engineers Limited | Company | Nov 26, 2024 | active |
AC OIL GAS EMIRATES LLC | Company | Jan 13, 2023 | active |
BEULAH UNIVERSAL LINK RESOURCES LIMITED | Company | Apr 5, 2020 | active |
Jiangxi Tianfeng Construction Group Co Ltd Fujian Branch | Company | Jun 27, 2023 | active |
CONSIA CONSULTANTS APS | Company | Jul 28, 2017 | active |
Hebei Construction Group Supply Chain Management Co Ltd | Company | Jul 22, 2024 | active |
CHENNAI ENVIRO SOLUTIONS PRIVATE LIMITED | Company | Feb 4, 2022 | inactive |
HANOITC EXPERT JOINT STOCK COMPANY | Company | Dec 20, 2018 | active |
4th Construction Branch of Weihai Construction Group Co Ltd | Company | Apr 4, 2022 | inactive |
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.
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