What is ISO 37001 standard
ISO 37001 is the new international standard designed to help organizations implement an Anti-bribery Management System (ABMS). It specifies a series of measures your organization can implement to help prevent, detect and address bribery.
Designed to be integrated into your organization’s existing management processes and controls, ISO 37001 also follows the common ISO structure for management system standards, for easy integration with ISO 9001 for example.
The requirements specified by ISO 37001 address two key areas:
- Bribery by the organization, its personnel or business associates for its own gain
- Bribery of the organization, its personnel or business associates in relation to its activities
The Benefit of ISO 37001
ISO 37001 certification enables you to protect and preserve the integrity of your organization by:
- Opening your organization to external scrutiny of the effectiveness of your anti-bribery policies and processes
- Demonstrating compliance to relevant legislation such as the Bribery Act 2010
- Collaborating with stakeholders to monitor and manage risk throughout your organization and supply chain
- Ensuring that suppliers, sub-contractors and agents are committed to anti-bribery best practice
Why is Anti-Bribery Management System Important for you ?
- ISO 37001 serves as a framework in the precaution of organizational integrity and helps to combat bribery associated risks and to encourage a decent business culture. It helps organizations to prevent, identify and respond to bribery and comply with anti-bribery-laws and voluntary commitments applicable to its activities.
- Becoming an ISO 37001 certified professional helps you to differentiate yourself with demonstrated anti-bribery expertise and at the same time differentiate your company from competitors. This standard is intended to guide, identify, detect and respond to possible bribery risks. The requirements of this standard enable the organizations to implement an anti-bribery framework and put in place effective anti-bribery policies and processes.