ISO 37001 Anti-bribery management systems
ISO 37001 is an anti-bribery management system (ABMS) standard that organizations can adopt to prevent, detect, and address bribery effectively. Here are the key points:
- Purpose and Scope:
- ISO 37001 provides a globally recognized framework for managing bribery risks.
- It assists organizations in preventing bribery and dealing with incidents when they occur.
- Components of ISO 37001:
- Anti-Bribery Policy: Organizations should establish a clear policy against bribery.
- Appointed Oversight: Designate a person responsible for anti-bribery compliance.
- Training: Educate employees on anti-bribery measures.
- Risk Assessments: Evaluate bribery risks related to projects and business associates.
- Due Diligence: Conduct due diligence on potential partners or associates.
- Financial and Commercial Controls: Implement controls to prevent bribery.
- Reporting and Investigation Procedures: Set up mechanisms for reporting and investigating bribery incidents.
- Applicability:
- ISO 37001 can be used by any organization, regardless of size or sector (public, private, or voluntary).
- It is adaptable based on an organization’s specific bribery risk profile.
- Impact:
- By addressing bribery head-on, ISO 37001 demonstrates a commitment to stamping out corruption.
- It helps maintain transparency, trust, and credibility within organizations.