BENEFITS OF ISO 37001 ANTI BRIBERY MANAGEMENT SYSTEM

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ISO 37001 Anti-bribery management systems is a management system standard published by International Organization for Standardization (ISO) in 2016.As the title suggests, this standard sets out the requirements for the establishment, implementation, operation, maintenance, and continual improvement of an anti-bribery management system (ABMS).ISO 37001:2016 is applicable only to bribery. It sets out requirements and provides guidance for a management system designed to help an organization to prevent, detect and respond to bribery and comply with anti-bribery laws and voluntary commitments applicable to its activities.


Few benefits of ISO 37001.

The purpose of developing this standard is to establish, implement, maintain and enhance an anti-bribery program that prevents, detects and addresses bribery risks in an organization or institution.

How an organization can be ISO 37001 certified?

To be certified to ISO 37001, your company or organization must meet certain requirements. For example, a specific policy to combat fraud and corruption is required.

In addition, you are required to develop specific anti-corruption measures as well as fraud prevention measures. These measures must be overseen by a compliance manager appointed by you. Accordingly, such a position must be created if it does not already exist.

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TIMECODES:-
0:00 - INTRO
0:38 - WHAT IS ISO 37001
3:23 - Few benefits of ISO 37001
4:24 - Bribery and corruption are not only against the corporate principles
5:19 - Implement the necessary measures designed to prevent, detect and address bribery
5:54 - Avoid reputational damage
6:24 - Avoid cost
6:50 - How an organization can be ISO 37001 certified