ISO 37001 - Anti-Bribery Management System

 

According to the official ISO definition, bribery is the offering, promising, giving, accepting or soliciting of an undue advantage of any value (which could be financial or non-financial), directly or indirectly, and irrespective of location(s), in violation of applicable law, as an inducement or reward for a person acting or refraining from acting in relation to performance of that person's duties.

The anti-bribery management system is applicable to organizations of any type and size in the public, private or non-profit sector.

ISO 37001, anti-bribery management systems, specifies a series of measures to help organizations prevent, detect and address bribery. These include 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.

 

It is designed to help your organization implement an anti-bribery management system, or enhance the controls you currently have. It helps to reduce the risk of bribery occurring and can demonstrate to your stakeholders that you have put in place internationally recognized good-practice anti-bribery controls.

The anti-bribery management system according to ISO 37001:2016 shall contain measures designed to identify and evaluate the risk and to prevent, detect and respond to bribery.

The development and implementation of an anti-bribery management systems has many benefits for an organization such as control of the costs of doing business, reducing or eliminating uncertainties into commercial transactions, establishing trust etc.

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