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:

  1. 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.
  2. 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.
  3. 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.
  4. Impact:
    • By addressing bribery head-on, ISO 37001 demonstrates a commitment to stamping out corruption.
    • It helps maintain transparency, trust, and credibility within organizations.