ISO 37001 is an anti-bribery management system (ABMS). It was issued in October 2016 and identifies measures and safeguards to prevent, detect and deal with bribery. It specifies various anti-bribery policies and procedures. It is designed to be a flexible tool, which can be adapted according to the size and nature of the organizations and the bribery risk they face. Since each organization is different, the ways of dealing with bribery are also different.
Even though ISO 37001 has been developed relatively long ago, many firms are still wondering what to expect from implementing the ISO 37001 into their business.
ISO 37001 certification enables your organisation to apply a series of measures that can serve as a framework for you to implement controls that may enhance your ability to address bribery risk. ISO 37001 streamlines the business by preventing of financial losses. It increases the credibility of the company. It helps to increase trust between business partners, subcontractors, suppliers and intermediaries.
ISO 37001 benefits your organization by promoting of ethical business culture and improves performance this way. It monitors and manages risk throughout your business. It is public demonstration that your organization implements, maintains and improves anti-bribery compliance program. ISO 37001 protects the company, assets, shareholders and employees from bribery. It can also reduce the time needed to investigate possible corruption event. When criminal investigation occurs, compliance to ISO 37001 will enable your organisation to demonstrate that your firm has taken the responsible steps to prevent bribery. As a result, you reduce your exposure to prosecution for non-compliance with local or international anti-bribery laws.
There are benefits also for your customers. Because ISO 37001 ensures legislative and regulatory compliance, it establishes trust and credibility to customers and proves commitment to anti-bribery best practices.
Our expert team can support you with the implementation of a management system based on ISO 37001, which enables you to establish procedures to prevent, detect and manage the risk of bribery in your organisation.
Our firm is best suited to undertake the ISO 37001 project because we have vast experience with undertaking similar projects. We prepared a series of our clients for certification. Companies from the Czech Republic, Poland, Hungary, Romania, and Bulgaria were successfully certified without any problem. Currently, we are working with four more companies in the Czech Republic and Slovakia heading for the certification before the end of this year.
We can use our skilled employee base and we can complete the work on-time and under-budget. We will be happy to assist you and prepare compliance programs tailored speciﬁcally for your company. Also, we gladly will assist you in reviewing your existing policy to verify its compliance with the standard and to prepare your company to apply for ISO certiﬁcate.
If you want to mitigate the risk of bribery within your organisation and help your bussines, ISO 37001 is the right answer for you. So what are you waiting for? Contact us immediately to get started!