ISO 37001 Anti-bribery management system

Bribery is becoming a significant concern among individuals and different businesses. Consequently, this is leading to the lack of confidence, trust, and transparency in both public and private sectors.

What is ISO 37001?

ISO 37001:2016 is an international Anti-bribery management system standard developed using the ISO High Level Framework (HLS). The ISO 37001 standard is designed to help an organization implement and maintain a proactive anti-bribery system that is applicable to all kinds of organizations (or parts of an organization), regardless of type, size, and nature of activity, and whether in the public, private or not-for-profit sectors.

ISO 37001:2016 is applicable only to bribery, it does not address fraud, cartels and other anti-trust/competition offences, money-laundering or other activities related to corrupt practices, although an organization can choose to extend the scope of the management system to include such activities.

What is ISO 37001 Certification?

By conducting business in a transparent and fair manner, a company cannot afford even the slightest risk of bribery at any level. Investors, business partners, employees and shareholders need to be confident that management has done everything possible to prevent bribery at all levels of the organization. Implementing the ISO 37001 and certification by an independent third party enables you to increase confidence in transparent management, without bribery risks.

Why get ISO 37001 Certified?

By certifying and maintaining an Anti-bribery management system in accordance with the requirements of the ISO 37001 standard, you demonstrate a commitment to do transparent and fair business. At the same time, stakeholders, such as customers, investors, and the public, are assured that your organization is trustworthy and opposes bribery.

When choosing ISO 37001 certification, you will:

-Avoid reputational damage related to bribery.

-Reduce the potential costs of litigation or reputational risks.

-Provide assurance to management, personnel, and other stakeholders that the organization has taken appropriate measures to prevent bribery.