ISO 37001 : 2016 – Anti-Bribery Management Systems
The ISO 37001 standard, published in 2016, is a certification standard for Anti-Bribery Management Systems. In an era where transparency is paramount, organizations cannot afford to overlook the risks associated with bribery. Ensuring investors, business associates, personnel, and shareholders that every effort has been made to prevent bribery is essential. Implementing ISO 37001 and obtaining certification from an independent third party provides this assurance.
Purpose of ISO 37001
ISO 37001 is designed to help organizations implement and maintain a proactive anti-bribery system. It replaced the British Standard 10500 and includes globally recognized good practices for preventing bribery. The standard is applicable to organizations of all types and sizes.
Benefits of Implementing ISO 37001
- Assurance of Anti-Bribery Measures: Certification provides assurance to management, investors, business associates, personnel, and other stakeholders that the organization has taken appropriate measures to prevent bribery.
- Risk Reduction: Implementing the standard’s measures reduces the risk of malpractice.
- Evidence of Due Diligence: Certification and implementation can serve as evidence of due diligence in the event of disputes.