ISO/PRF 37001
What is ISO 37001?
ISO 37001 is a standard dedicated to establishing, implementing, maintaining, and improving an anti-bribery management system. This standard offers requirements and guidance for setting up systems designed to help organizations prevent, detect, and respond to bribery, as well as comply with anti-bribery laws and voluntary commitments applicable to their activities. It covers various forms of bribery (direct and indirect) within public, private, and not-for-profit sectors.
Why is ISO 37001 important?
Bribery is a pervasive issue that undermines societal, economic, and political structures, leading to injustice, distorted competition, and increased operational costs among other severe implications. ISO 37001 is critical as it provides organizations with a systematic approach to combat bribery. This approach is not only about legal compliance but also about fostering a culture of integrity, transparency, and trust within organizations. By implementing an anti-bribery management system, organizations can mitigate risks and damage associated with bribery, enhance their reputation, and ensure stable and fair market operations.
Benefits
- Reduces risks of bribery and its associated costs
- Enhances compliance with international anti-bribery laws
- Builds stakeholder confidence and trust in business operations
- Strengthens organizational reputation and integrity
FAQ
ISO 37001 is applicable to any organization, regardless of size or sector, including entities in public, private, and not-for-profit sectors that wish to proactively combat bribery.
This standard can be implemented as a standalone system or integrated into an existing management framework, complementing other compliance and ethical guidelines to strengthen an organization's overall governance structure.
The key components include anti-bribery policies, due diligence procedures, financial and non-financial controls, training programs, and mechanisms for monitoring, reporting, and improving the anti-bribery measures.
Life cycle
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Previously
PublishedISO 37001:2016
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Now
