Bribery and Corruption: Major Threats to Organisations Worldwide
Bribery and corruption is a worldwide threat For ages, systematic bribery tolerated in various countries and industries as a “necessary part of getting business done or circumventing bureaucratic red tape.” Bribery and corruption have become a worldwide threat to the public and private sector. The times are changing, however. Societies and their governments have recognised […]
IntelliSoft achieves ISO 37001 ABMS Certification
Award-winning Information Technology Services company ISS Middle East FZC (IntelliSoft) has successfully demonstrated compliance with ISO 37001 standard requirements and attained ABAC Certification in ISO 37001:2016 Anti-Bribery Management System (ABMS) for services such as SAP Professional, Technology, Infra services, and solutions (data management, application development, legacy modernisation cloud service, analytics and mobility), staffing, recruitment and […]
Oil and Energy Companies Look to ISO 37001 for Effective ABMS
Oil and Energy Companies Look to ISO 37001 for Effective ABMS In December 2017, the world’s largest builder of offshore rigs agreed to pay $422 million in penalties after entering a guilty plea for bribery charges connected with the Petroleo Brasileiro (Petrobras) scandal. Keppel Offshore & Marine Ltd. made illicit payments to both Petrobras officials […]
Breaking Down The ISO 37001 Audit Process
There is no “one-size-fits-all” method to achieving anti-bribery management systems certification There’s been much discussion surrounding ISO 37001:2016 Anti-Bribery Management Systems and the ways that attaining certification to the standard can enhance an organisation’s existing anti-corruption compliance program. The ISO 37001:2016 standard specifies a series of measures and controls to help organisations prevent, detect and […]
2019 risks for compliance officers
KYB While much of 4MLD was about to know your customer (KYC), a big part of 5MLD is about to know your business (KYB). In the run-up to the 5MLD, we will see increased attention on high-risk countries. Clients or transactions engaged in high-risk countries will be subject to enhanced due diligence when performing onboarding checks. […]
Apex Begins ISO 37001:2016 ABMS Certification Process
ABAC® announced today that Apex Shipping Services LLC, based in Dubai, UAE, has engaged its ABAC Certification services to achieve the ISO 37001 Anti-Bribery Management System (ABMS) Standard certification. Founded on ethical values, Dubai-based logistics firm enrols in ISO 37001:2016 ABMS standard In a message to its stakeholders, Apex Shipping said the certification will allow […]
ABAC® attends MACC’s ISO 37001:2016 training
ABAC® Group’s Scheme Manager, khalidhuma, represented the ABAC® Center of Excellence at MACC’s ISO 37001:2016 training related to combating corruption in the public sector for certification bodies. Constantly learning and enhancing our knowledge is key in equipping us with the right tools to fight bribery and corruption, this time focused in Malaysia. ISO 37001:2016 Anti-Bribery Management […]
Bribery charges in Malaysia: the burden of establishing innocence is on corporate directors
Apathy and ignorance towards bribery and corruption in your business could personally cost you! Malaysia’s seemingly never-ending battle to combat bribery and corruption is taking a decidedly different turn this year (2020), as specific measures went into effect as of June. Measure that will saddle corporations and other organisations – along with their directors, controllers […]
How do I move my ISO Certification to a UKAS Accredited Body?
Many companies are offering ISO Certification services, but only UKAS Accredited bodies carry the recognisable ‘Crown & Tick’ logo and benefit from the additional assurance this brings. We often hear from companies who have used the services of a certification body not accredited by UKAS and, for various reasons, now need to obtain an accredited certificate. ABAC® […]
New Corporate Liability Provision Will Lead to More Investigations
The corporate liability provision under Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (the Act) came into force on 1 June 2020. Organisations were given fair warning in the lead up to its enactment, and now Malaysian officials say the stage is set for action against corruption. “We believe there will be a number […]