ISO 37001: Anti-Bribery
Management Systems
ISO 37001 is an international standard developed to provide guidelines for establishing, implementing, maintaining, and improving an Anti-Bribery Management System (ABMS) within an organization. Its primary aim is to help organizations prevent, detect, and address bribery and corruption-related risks by setting up effective anti-bribery policies and procedures. ISO 37001 is applicable to organizations of all sizes, sectors, and locations, aiming to establish a robust framework to prevent and address bribery risks, fostering a culture of integrity and ethical behavior within an organization.
Key Principles:
⦁ Zero Tolerance for Bribery: Demonstrating a clear commitment to prohibiting bribery in all forms, including direct or indirect acts of bribery, by anyone acting on behalf of the organization.
⦁ Leadership Commitment: Establishing a top-level commitment to anti-bribery measures, with visible support and involvement from senior management in implementing and maintaining the ABMS.
⦁ Risk-Based Approach: Identifying, assessing, and mitigating bribery risks that the organization faces in its operations, business relationships, and geographical locations.
⦁ Effective Controls and Procedures: Implementing adequate policies, procedures, and internal controls to prevent and detect bribery, including due diligence in business relationships, financial controls, and reporting mechanisms.
⦁ Training and Awareness: Providing anti-bribery training and awareness programs to employees, stakeholders, and relevant third parties to ensure understanding of anti-bribery policies and procedures.
⦁ Third-Party Risk Management: Establishing and enforcing anti-bribery requirements and standards for third parties, such as agents, suppliers, and business partners.
⦁ Reporting and Investigation: Establishing procedures for reporting suspected or actual instances of bribery and ensuring the investigation and appropriate actions are taken.
⦁ Continuous Improvement: Promoting a culture of continual improvement by regularly reviewing and enhancing anti-bribery measures based on the organization’s experiences and changing circumstances.
⦁ Compliance with Legal and Regulatory Requirements: Ensuring compliance with anti-bribery laws and regulations applicable in different jurisdictions where the organization operates.
⦁ Confidentiality and Protection of Whistleblowers: Protecting whistleblowers and maintaining confidentiality to encourage reporting of suspected bribery without fear of retaliation.
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Benefits
- Bribery Prevention
- Legal Compliance
- Risk Management
- Credibility and Reputation
- Enhanced Governance
- Stakeholder Confidence
- Internal Awareness and Training
- Continuous Improvement
- Global Applicability Act 2010
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