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 |
|---|---|---|---|
RE SUSTAINABILITY LIMITED | Company | Feb 4, 2022 | inactive |
LLC “CONMARKS” | Company | Apr 20, 2020 | active |
Jiangxi Tianfeng Construction Group Co Ltd Jingan County Branch | Company | Jun 26, 2023 | active |
HUNAN CONSTRUCTION GROUP CO LTD | Company | Feb 12, 2016 | active |
GENERAL ELECTRIC POWER SWEDEN AB | Company | Jan 6, 2020 | active |
Alstom Egypt for Power Projects SAE | Company | Apr 12, 2019 | inactive |
PROCONSSA SA | Company | Mar 18, 2016 | inactive |
Hebei Construction Group Corporation Limited Inner Mongolia Branch | Company | Jul 22, 2024 | active |
Hebei Construction Group Corporation Limited Rongcheng Concrete Branch | Company | Jul 22, 2024 | active |
Multitrade SA | Company | Mar 4, 2019 | 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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