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

KPP Construction

CompanyDec 17, 2008active

Union Strong Group Inc

CompanySep 25, 2024active

Jiangxi Tianfeng Construction Group Co Ltd Fangxian Branch

CompanyJun 26, 2023active

Hebei Construction Group Corporation Limited Heze Branch

CompanyJul 22, 2024active

SaudiTaihan Co Ltd

CompanyMay 2, 2024active

NOVO HORIZONTE CONST E CONS E COMERCIO LTDA

CompanyNov 7, 2012active

Baoding Zhongze Water Supply Co Ltd

CompanyJul 22, 2024active

Sony Commercial Agencies

CompanyFeb 25, 2022inactive

BEST SCAN SOLUTIONS LIMITED

CompanyFeb 23, 2017active

Jiangxi Tianfeng Construction Group Co Ltd Duchang Branch

CompanyJun 27, 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.