ISO 37001 is an international standard that describes the essentials for an Anti-Bribery Management System (ABMS). It assist organizations prevent, detect, and respond to bribery and corruption.
Key Philosophy of ISO 37001
Leadership Commitment: Demonstrate leadership dedication to anti-bribery and corruption.
Risk Assessment: Conduct regular risk assessments to find and mitigate bribery and corruption risks.
Due Diligence: Conduct due diligence on business partners, suppliers, and third-party intermediaries.
Anti-Bribery Policy: Establish an anti-bribery policy that outlines the organization's dedication to anti-bribery and corruption.
Training and Awareness: Provide training and awareness programs for employees on anti-bribery and corruption.
Reporting and Investigation: Establish procedures for reporting and investigating bribery and corruption incidents.
Key Essentials ISO 37001
Anti-Bribery Management System: Establish an ABMS that meets the Essentials of ISO 37001.
Risk Management: Find and manage risks connected with bribery and corruption.
Compliance with Laws and Regulations: Ensure compliance with laws and regulations related to anti-bribery and corruption.
Internal Controls: Establish internal controls to prevent, detect, and respond to bribery and corruption.
Continuous Improvement: Continuously improve the ABMS through regular reviews, audits, and corrective actions.
Benefits of Implementing ISO 37001
Minimize Risk of Bribery and Corruption: Minimize the risk of bribery and corruption through effective risk management and internal controls.
Enhanced Compliance: Demonstrate compliance with laws and regulations related to anti-bribery and corruption.
Enhanced Reputation: Enhance your organization's reputation by demonstrating your commitment to anti-bribery and corruption.
Enhanced Stakeholder Trust: Increase stakeholder trust through transparent and accountable business practices.
Competitive Edge: Differentiate your organization from competitors by demonstrating your commitment to anti-bribery and corruption.
Industries that Can Benefit from ISO 37001
Government Agencies: Government agencies can benefit from implementing ISO 37001 to prevent corruption and ensure transparency.
Private Sector Organizations: Private sector organizations can benefit from implementing ISO 37001 to reduce the risk of bribery and corruption.
Non-Profit Organizations: Non-profit organizations can benefit from implementing ISO 37001 to ensure transparency and accountability.
International Organizations: International organizations can benefit from implementing ISO 37001 to prevent corruption and ensure transparency.
