This is an international standard focused on Anti-Bribery Management Systems based on BS 10500: Anti-Corruption and Business Ethics. It sets out requirements to help an organization establish, implement, maintain and improve an anti-bribery compliance program. It develops the measures that each organization can take to prevent bribery practices, direct or indirect, both by its own staff and by business partners acting for the benefit of the organization or related to its activities.
It is a certifiable standard, approved on October 15, 2016. It constitutes requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system, independent or integrated to an overall system in relation to an organization’s activities, preventing bribery.
ISO 37001 is an ISO management system tool for implementing an effective anti-bribery culture. The anti-bribery policy and supporting management system helps the organization to avoid or mitigate the costs, risks and damages of engaging in bribery, to promote trust and confidence in business transactions.
Benefits:
- Assists in maintaining or implementing financial controls.
- Develops due diligence procedures in order to study the background of the members of the organization.
- Maintains documented and implemented policies at all levels.
- Effectively and proactively detects any situation that could negatively affect the organization.
- Maintains a culture or mentality of not collaborating with corruption.
- Retains evidence of the actions being carried out and document them.
- International recognition for the application of ethical business practices.
- Improved profits, strengthened financial operations.
- There is an increase in competitiveness, since their activities are driven by ethics, ensuring commercial success, strengthening and increasing their income.
- Preventive detection of any illicit activity and related to corruption and bribery.
