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 |
---|---|---|---|
Jiangxi Mingzheng Transformer Equipment Co Ltd | Company | Mar 24, 2023 | active |
Jiangxi Tianfeng Construction Group Co Ltd Shanghai Branch | Company | Jun 27, 2023 | active |
Jiangxi Tianfeng Construction Group Co Ltd Shuanghe Branch | Company | Jun 26, 2023 | active |
RUSLAN TIKINTI DEMONTAJ MMCRUSLAN BUILDING DEMONTAGE LLC | Company | Oct 2, 2015 | active |
MultiTech Consult Ltd Registration No BW00000506887 | Company | Dec 12, 2023 | active |
Beijing Zhuyuan Technology Co Ltd | Company | Jun 24, 2019 | active |
Hebei Construction Group Corporation Limited Chengde Shaungluan Concrete Branch | Company | Jul 22, 2024 | active |
Jiangxi Tianfeng Construction Group Co Ltd Chongqing Branch | Company | Jun 27, 2023 | active |
NATIONAL BIOMEDICAL PVT LTD | Company | May 26, 2018 | active |
Hebei Construction Group Corporation Limited Hengshui Branch | Company | Jul 22, 2024 | active |
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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