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

FERNANDEZ ESCOBAR CONSTRUCTION COMPANY

CompanyJul 9, 2014active

PT Strategic Asia

CompanyAug 10, 2020active

Construtora OAS GE SA

CompanyMay 3, 2022active

Nanyang Branch of Zhejiang Hydro Power Construction Group Co Ltd

CompanyJun 2, 2023inactive

FEDDERS LLOYD CORPORATION LIMITED

CompanyApr 20, 2020active

FEDDERS LLOYD CORPORATION LTD

CompanyApr 20, 2020active

Weihai Jianan Lifting Machine Co., Ltd.

CompanyApr 4, 2022inactive

Jiangxi Tianfeng Construction Group Co Ltd Foshan Branch

CompanyJun 27, 2023active

GOLDEN HALL SERVICES CO LTD

CompanyJun 18, 2019active

RAMKY NORTH AMERICA LLC

CompanyFeb 4, 2022inactive

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.