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ISO 37001, anti-bribery management system, is the International standard that allows organizations of all types to prevent, detect and address bribery by adopting an anti-bribery policy, appointing a person to oversee anti-bribery compliance, training, risk assessments and due diligence on projects and business associates, implementing financial and commercial controls, and instituting reporting and investigation procedures.
Who is ISO 37001 for?
ISO 37001 can be used by any organization, large or small, whether it be in the public, private or voluntary sector, and in any country. It is a flexible tool, which can be adapted according to the size and nature of the organization and the bribery risk it faces.
How will the Standard benefit an organization?
The Standard benefits an organization by:
Protection of the organization, its assets, shareholders, and directors from the effects of corruption and bribery
Assurance to management, investors, employees, customers, and other stakeholders that the organization is taking reasonable steps to prevent bribery
Promotion of trust and confidence in cooperating with potential partners
Reducing the risk of suffering the high costs, penalties, lost opportunities, and reputational damage
Evidence in the event of an investigation that the organization has taken reasonable steps to prevent bribery
The ISO 37001 offers best strategies to manage an organization in the face of bribery and corruption risks. If you are interested in ISO 37001 and would like to learn more about the standard, schedule a free 30-minute consultation with an IBEC expert today.