ISO 37001 Consultancy Approach

ISO 37001 Consultancy Approach

Bribery is offering, promising, giving, accepting, or soliciting of an advantage as an inducement for an action which is illegal, unethical of a breach of trust.

It is a major issue and risks that facing by any forms of organizations.

The ISO 37001 specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system. The system can be stand-alone or can be integrated into an overall management system.

ISO 37001 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.

ISO 37001 does not specifically address fraud, cartels and other anti-trust/competition offences, money-laundering or other activities related to corrupt practices, although an organization can choose to extend the scope of the management system to include such activities.

The requirements of ISO 37001 are generic and are intended to be applicable to all organizations (or parts of an organization), regardless of type, size and nature of activity, and whether in the public, private or not-for-profit sectors. The extent of application of these requirements depends on the factors specified in 4.1, 4.2 and 4.5.

Benefits

Why we need to do so?

Companies that have good Anti-bribery management systems will have a better competitive advantage beyond meeting any compliance obligation. It’s also benefits from risk reduction, cost savings and sustainable growth.

Here’s are few reasons why we need to implement the anti-bribery management system and what’s the benefits:

Anti-bribery and transparency drive performance.

Risk Reduction

Sustainable Growth

Cost Savings- Reducing operational costs

Process

ISO 37001 Stages

Stage 1

Gap Analysis

Stage 2

ABMS Training & Design

Stage 3

ABMS Implementation

Stage 4

ABMS Review

Stage 5

Close-Out

Anti Bribery Management System ISO 37001