The anti-bribery management systems standard (ISO 37001 Certification) is an international standard for management systems that assist enterprises in combating corruption. Bribery is a substantial concern for businesses, with serious legal and financial consequences for both individuals and organizations. ISO 37001 Certification was published in 2016. The standard is intended to assist companies in putting in place and maintaining precise procedures to monitor, prevent, detect, and resolve bribery across the organization’s commercial activities. The standard can be used by any type of organization. ISO 37001 supports a standardized understanding of anti-bribery management systems (ABMS) in companies of various types because it applies to all nations and industries. Hence by establishing and certifying your Anti-Bribery Management System, you not only reduce bribery risks, meet legal obligations, and foster an ethical workplace culture but also establish standards for the creation, implementation, operation, and enhancement of ABMS that are universally applicable.
Why ISO 37001 Certification is Important
- Lower malpractice risks: Putting this standard’s procedures in place lowers the risk of malpractice.
- Reference: ISO 37001 is a standard that can be used to develop or upgrade an anti-bribery management system.
- Transparency: This criterion is used to promote transparency and keep stakeholders aware of the company’s stance against bribery. Board of Directors, personnel, business partners, and investors are examples of stakeholders.
- Stakeholder assurance: ISO 37001 provides assurance to stakeholders that an organization has established sufficient anti-bribery procedures.
- Safety: ISO 37001 protects a company’s assets, shareholders, and directors from bribery and corruption’s negative consequences.
- Demonstrates compliance: adopting the standard allows businesses to demonstrate that they are following all applicable legislation.
- Easy to integrate: Because ISO 37001 is based on the same framework as ISO 9001, ISO 14001, and ISO 45001, it is simple to include into current management systems.
- Insurance: Implementation and certification can be used as proof of due diligence in the event of a dispute.
- Serves as a benchmark: ISO 37001 can be used as a benchmark to assess an organization’s status in comparison to other organizations’ worldwide best practices.
Benefits of ISO 37001 Certification from QFS Certs
The Certification Process is simple and designed to be quick and accurate. The audit can be undertaken at any time when you feel ready. The length of the audit varies depending on the size of the site and the complexity of the operations, but it is always at least one day. Following a successful certification audit, you will receive a declaration with a three-year validity period. Reconnaissance reviews are conducted on a yearly basis to maintain confirmed status.
Being certified to the ISO 37001 Standard is a fantastic way to break into the sector and earn valuable skills. Our experts at QFS are available to guide you along the path to advancing your career.
The following is a list of some of the advantages of ISO 37001 certification from QFS Management Systems to your company:
- Aids in the battle against bribery
- Encourages a moral business culture throughout the entire process
- Enhances the efficiency of affected operations and activities
- Demonstrates commitment to anti-bribery best practices among employees.
- Throughout your organization, monitor and handles risks and diverse possibilities.
- This shows that your company’s anti-bribery compliance program is documented, implemented, maintained, and improved.
- Prevents bribery of the firm, its assets, shareholders, and directors.
Lower malpractice risk: Using this standard’s methodology lowers the risk of malpractice.
Stakeholder assurance: ISO 37001 provides assurance to Interested Parties (relevant) that an organization has taken sufficient anti-bribery procedures.
Transparency: This standard establishes a system for promoting transparency and informing stakeholders about the company’s stance on bribery. The Board of Directors, personnel, business partners, customers, users, suppliers, vendors, contractors, and investors are all possible interested parties.
Protection: ISO 37001 Certification safeguards a company’s assets, shareholders, and directors from the negative consequences of bribery and corruption.
Demonstrates compliance: Adopting the standard allows businesses to demonstrate that they are following all applicable legislation.
Process Steps – ISO 37001 Standard
- Submission of Questionnaire & Appendix
- Issuance of Quotation
- Submission of Application
- Stage-1 Audit
- Stage-2 Audit
- Recommendation and Approval
- Issuance of Certificate
- Surveillance Audit/Recertification
