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  • Anti-Bribery I Risk I Compliance Management

ISO 37001: Guidelines & Qualifications

October 11, 2021
ISO 37001: Guidelines & Qualifications

There are too many bribery cases are in the headlines; a member of the European Central Bank’s Governing Council, Peter Kazimir, is facing bribery charges for example. These headlines can however be viewed as silver linings as they provide lessons for corporate leaders around the world on how to deal with bribery and what the consequences should ideally equate to.  are the guidelines and qualifications for ISO 37001:2016?

Kazimir is the second central bank governor from an eastern euro-area country to face bribery allegations. In 2018, Ilmars Rimsevics, a former Latvian member of the European Central Bank’s Governing Council, was detained and later charged. Rimsevics is fighting a criminal indictment that he solicited in bribes in exchange for helping the now-defunct Trasta Komercbanka with regulatory issues. His arrest was one of a string of scandals that threatened the reputation of the financial industry in the euro-area nation.” – Al Jazeera 

This example alone makes it clear that training and certification to prevent bribery and corruption is crucial for organisations today. For anyone doing business across international borders, is critically important and should be in full compliance and proactive in prevention and detection. But what are some of the requirements and guidelines for pursuing ISO 37001 certification? Here, we address the most pertinent questions:

What are the training and certification guidelines set up by ICA?

ICA provides knowledge about anti-corruption as a whole and bribery as a subset. It defines how bribery/corruption takes place and affect an organisation.

Which regulations does the ISO training specifically address?

ISO 37001 training addresses the Foreign Corrupt Practices Act (FCPA) UK Bribery Act, among others.

How long is the certification valid?

How often you should update if needed? The certificate is valid for three years. It should be updated, however, if there were a change in the standard that would require additional training.

Why is it necessary to be certified by an accredited body like the ABAC® Center of Excellence?

Certification through a qualified and endorsed firm of experts like ABAC® Group adds a distinct level of credibility to the organisation’s management systems and ensures that the organisation is implementing a viable anti-bribery management program utilising widely accepted controls and systems.

It also provides assurance to management, investors, business associates, personnel, and other stakeholders that the organisation is actively pursuing internationally recognised and accepted processes to prevent bribery and corruption. Most importantly, training and certification through a third party like CRI Group protect your organisation, its assets, shareholders, and directors from the effects of bribery. And, if needed, it provides acceptable evidence to prosecutors or courts that the organisation has taken reasonable steps to prevent bribery and corruption.