ISO has developed a new standard to help organisations in fighting bribery and promote an ethical business culture which is ISO 37001 – Anti-Bribery Management Systems (ABMS).
The standard is used to assist organisations to prevent, detect and address bribery. The anti-bribery management systems requires the organisation to adopt an anti-bribery policy, appoint a person to oversee anti-bribery compliance, training, risk assessments and due diligence on projects and business associates.
The organisation can also identify and regularly review risks in relation to the threat of corruption by implementing financial and commercial controls, instituting reporting and investigation procedures.
• Assurance to stakeholders that the organisation is actively pursuing internationally recognised and accepted processes to prevent bribery and corruption.
• Protection of the organisation, its assets, shareholders, and directors from the effects of corruption.
• Provision of acceptable evidence to prosecutors or courts that the organisation has taken reasonable steps to prevent bribery and corruption.
• To avoid reputational damage, as it is a consequence of being involved in bribery.
• To save money by refusing to pay bribes and not having to implement costly procedures.
• Consultation, training and facilitated workshop in developing the Anti-Bribery Management Systems.
• Step-by-step process for implementing ABMS: from the initial risk assessment to the planning, operational and review phases.
• Organization will be prepared for stages of audit according to the ABMS MS ISO 37001 certication.
• The rate of occurring bribery will reduce signicantly.