It is estimated that globally, over $1.5 trillion in bribes changes hands every year. Apart from the negative economic impact, bribery also impacts the whole society as it undermines trust, leads to unfairness, creates inequality, and stifles motivation. ISO joined the global fight against bribery by developing ISO 37001, an international standard that sets out the requirements for an anti-bribery management system (ABMS).
Implementing an ABMS based on ISO 37001 can be a good strategic decision to demonstrate an organization’s commitment to effectively prevent, detect, and respond to bribery. Organizations seeking an effective ABMS will have to demonstrate their commitment to prevent bribery by establishing policies, procedures, and controls which contribute in reducing bribery risks. Nevertheless, the requirements of ISO 37001 are generic; therefore, organizations will have plenty of freedom to establish an ABMS which best suits their needs.
Learn more about Anti-Bribery Management System through the PECB ISO/IEC 42001 training courses below:
