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

MMK PROJECT SERVICES LIMITED

CompanyFeb 21, 2014active

Hebei Shenning Construction Engineering Co Ltd

CompanyJul 22, 2024active

REEF BUILDING SYSTEMS LIMITED

CompanyAug 9, 2013active

Weihai Construction Group Coliccon Construction Development Ltd

CompanyApr 4, 2022inactive

BMS CONSULTING LLC

CompanyJul 28, 2016active

Hebei Construction Group Corporation Limited Chengde Branch

CompanyJul 22, 2024active

Hebei Construction Group Corporation Limited Chengdu Branch

CompanyJul 22, 2024active

Weihai Hengye Film Projection Co Ltd

CompanyApr 4, 2022inactive

PT RUDY JAYA

CompanyJan 6, 2020active

Hebei Construction Group Corporation Limited Baotou Branch

CompanyJul 22, 2024active

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.