What is ISO 37001 certification?
ISO 37001 is designed to help your organization out. Implementing an anti-bribery management system. It helps in reducing bribery risks. It shows your stakeholders that you have worked hard to implement anti-bribe policies. "Prevent, detect, and address bribery by adopting an anti-bribery policy. Appointing/nominating a person to oversee!, anti-bribery compliance, training, risk assessments and due diligence on projects and business associates, implementing financial and commercial controls
Despite every level's efforts to tackle bribery, it remains a significant issue. In recognition, ISO has whipped up a new standard to aid in the fight against corruption and huzzah! It can also help in promoting cultured business ethics.
OVERVIEW AND ISO 37001 CERTIFICATION REQUIREMENTS!
ISO 37001:2016. Specifies requirements and gives guidance! Used for establishing, implementing, maintaining, reviewing and improving an anti-bribery system. The system can be stand-alone or integrated into the overarching management system. ISO 37001:2016 goes into these topics:
- Bribery by the organization
- Bribery involving the organization's personnel, acting for or benefiting the organization.
- Bribery by business associates for the organization or benefit from it.
- Bribery of the organization. Confusing.
- The organization's personnel are getting bribed about the organization's activities.
- The organization's business associates are getting bribed in connection to the organization's activities.
- Direct and indirect bribery (like a bribe offered or accepted by a third party!)
ISO 37001:2016. Is about bribery. It sets up requirements and guides a management system designed to aid an organization in prevention, detection and response to bribery and in compliance with anti-bribery laws and voluntary commitments applicable to its activities.
ISO 37001:2016 isn't talking particularly about fraud, cartels, anti-trust/competition offences, money laundering or other activities connected to corrupt practices, even though an organization might decide to increase the management system's scope to include these activities too!
ISO 37001:2016's requirements are universal and should apply to every organization. No matter what size, type, activity nature, or if it belongs to the public, private, or not-for-profit sectors.