Bribery refers
to the act of offering, taking, or accepting money illegally to give a certain
advantage. Many acts and laws are made to prevent this illegal exchange of
cash. Many have been considered as useful. Thus, ISO 37001 Certification
an international standard for anti-bribery management systems was published in 2016. It helps in preventing,
implementing, and maintaining specific measures to stop bribery across
organizations and their business proceedings. The system prevents bribery conducted
by the organizations and against the organization. The system works for all
organizations, small or big, across the world, regardless of anything. The
system was created by ISO Project
Committee IS0/PC 278, Anti-bribery management system.
ISO 37001
is only applicable to bribery. The ABMS
intends to help the system improve its ability to identify bribery and acts
according to the law.
Importance
of ISO 37001
·
It
successfully promotes an anti-bribery culture.
·
Ensures
trust and certainty on behalf of an organization.
· Reduces
cost. Companies that use ISO 37001 will save money by not giving any bribes
from other partners or companies.
·
Brings
new business minds to play.
·
Promotes
and ensures a positive anti-bribery system for business partners and clients.
·
Continues
to improve the anti-bribery system in the business.
·
Addresses
bribery risks in an organization.
·
ISO
37001 also helps in avoiding damage to
the reputation of the company.
How
to be a part of ISO 37001
·
Submit
questionnaire and appendix.
·
Issue
quotation.
·
Submitting
the application.
·
Stage
1 (Audit)
·
Stage
2 (Audit)
·
Recommending
followed by approval.
·
Issuing
the certificate.
·
Surveillance
and recertification.
Requirements.
·
Scope
·
Definition
and terms
·
Normative
references.
·
Plans
·
Leadership
·
Support
·
Evaluation
of the performance.
·
Improvement
· Operation.
Why
do we need ISO 37001 Certification?
The
ISO 37001 certification is
becoming one of the key management systems. Every country has a corruption
problem. The problem is no longer restricted to low-income economies.
Statistics are cleared that corruption is spreading across the globe. The
certification helps you in implementing an
effective system that stops bribery. It reduces the problem of any
malpractice. One can figure out easily whether an organization is corrupted or
not. Not having a certification can also show negligence towards corruption. ISO 37001 suggests proportionate measures,
keeping in mind the size and location of an organization. Thus, the system
gives assurance to investors, customers, stakeholders, and employees.