ISO 37001:2016 Anti-bribery Management System
Bribery and corruption are increasingly in the spotlight, in financial transactions all over the world. Many countries are becoming more active in investigating suspected bribery both within and outside their borders and bringing an enforcement action. Organizations assessing their own risk, need to be aware of anti-bribery legislation, have policies and procedures in place to comply with that legislation, and take steps to make sure that compliance is established within the organization’s activities and culture.
What is bribery?
Bribery is defined as the offering, promising, giving, accepting or soliciting of an advantage as an inducement for an action that is illegal, unethical, or a breach of trust. Inducements can take the form of money, gifts, loans, fees, rewards or other advantages.
Organizations may develop an anti-corruption policy to show their commitment in the fight against bribery, embedding a culture of honesty, transparency and integrity in the processes and activities of the organization. ISO 37001 has been developed by ISO to be used by any organization, large or small, whether it be in the public, private or voluntary sector, and in any country. It is an effective and flexible tool, which can be used according to the size and nature of the organization and the risk involved in the potential bribery.
ISO and UNIDO also have published a handbook that helps users develop an effective anti-bribery management system in accordance with ISO 37001:2016.
Read more here: ISO 37001:2016 Anti-bribery Management System