ISO 37001 Certification is an international standard for the ABMS (anti-bribery management systems). It provides a structure for businesses operating anywhere in the world to assess their internal anti-corruption processes and address any weaknesses. Any organization benefits from ISO 37001assessments, although it may be particularly beneficial for those who are working in fields where bribery is a known risk factor. This ISO 37001 Certification standard is so flexible that it can be used in all countries and any type or size of the organization. It can be applied in small businesses, owner-managed businesses, foundations, associations, or official bodies, as well as in multi-national companies and also other public or private-sector organizations.
How does ISO 37001 Certification Help Organizations?
Today more than ever, scandals of corruption news spreads fast and can prove devastating for companies – even the hint of bribery can seriously damage your reputation. ISO 37001 certification acts as an effective tool to help organizations fight the risk of bribery and maintain customers’ trust in their product and service offerings. Your stakeholders can be assured that your organization has implemented internationally recognized best practices for anti-bribery controls, and they can have confidence in the honesty of your internal processes.
Multiple Benefits of ISO 37001 Certification
- Implement an effective anti-bribery management system that supports a business culture based on transparency and integrity.
- It Develops internal processes that reo bribery.gularly monitor key challenges, to control risks and costs related consequences of concerned cost increase and prevent the negative impact of bribery.
- For legal purposes, the standard demonstrates that you have taken due diligence preventative measures in case evidence of bribery does emerge, it does help to reduce fines.
- Implementing the standard offer for organizations a way to demonstrate compliance with the applicable laws.
Why is ISO 37001 important?
Promote efficient business operation. ABMS (Anti-bribery Management Systems) ISO 37001 Certification offers a way to build regulations that support and direct a company that focuses on growth, revenue, cost reduction, and business governance. Minimize corruption. The requirements of certification place a lot of force on details and documentation. The standard requires that companies not take only steps to strengthen their anti-bribery program but also document these steps. It ensures that during the audits company has evidence that the program has been properly planned and effectively implemented in good faith. Certification has the potential to be an emulative edge. It grows the reliability of the company and leads to new business.
