Launched in October 2016 ISO 37001 Anti-Bribery Management System standard is designed to help global organisations implement an anti-bribery management system. The standard specifies a series of measures required by the organisation to prevent, detect and address bribery, and provides guidance relative to that implementation.
The independent Conformity Assessment Body – ABAC Center of Excellence is fully trained to offer independent ISO 37001:2016 Anti-Bribery Management System certification to ensure that your organisation is in compliance with the standard, which is recognised and practised in more than 160 countries worldwide.
ISO 37001 Anti-Bribery Management System Certification
The Most Powerful Tool an Organisation Can Use to Demonstrate “Adequate Procedures” as an Effective Bribery Defence and Deterrent
As the international outcry on bribery and corruption practices continues to tighten its grip around rogue players in the private and public business sectors, global organisations continue to ramp up their efforts to develop effective frameworks to prevent, detect and report bribery and corruption.
And by fortifying their anti-bribery management systems, such organisations are further helping their cause as such systems can play a pivotal role in establishing “adequate procedures” as a compliance defence in the event of a bribery accusation.
“Adequate procedures” is a term made popular through the UK Bribery Act of 2010, which poses the potential of a company avoiding liability for failing to prevent bribery if that organisation can demonstrate sound and established policies and procedures that deter individuals (inside and outside of the organisation) from partaking in questionable or corrupt conduct.
A key challenge, though, is that “adequate procedures” often carries its unique definition depending on what country or jurisdiction one may reside. Further, most enforcement agencies and government authorities offer little guidance that pinpoints what exactly “adequate procedures” means when considered as a possible defence in a legal proceeding.