The Compliance Department of Mubadala Investment Company PJSC has received the ISO 37001 Anti-Bribery Management System (ABMS) certification from the Anti-Bribery and Anti-Corruption (ABAC®) Centre of Excellence (31 December 2018). The announcement was made under the Chairmanship of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council.
ISO 37001, developed by the International Organization for Standardization, is an international standard that sets to provide guidance for establishing, implementing, maintaining, reviewing and improving anti-bribery management systems to reduce the risk of bribery in organisations. After announcing its plans to implement a corruption prevention management system, Mubadala Investment Company engaged in identifying and evaluating the corruption risk of all of its internal departments. Mubadala Investment Company has successfully completed the implementation of its corruption management system by enacting and amending internal regulations and requiring its employees to complete corruption prevention education.
Zafar Anjum, CEO of ABAC® Group, said: “I commend Mubadala on their company-wide commitment to integrity and preventing bribery and corruption. I wish to express our sincere appreciation to all of Mubadala’s employees and partners for their cooperation throughout this process which has helped Mubadala Investment attain this highest standard of integrity with this ISO 37001:2016 Certification.”
About MDC General Services Holding Company LLC (Mubadala)
MDC General Services Holding Company LLC (Mubadala) is a pioneering global investment firm based in Abu Dhabi, UAE, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. Mubadala manages a diverse portfolio of assets and investments in the United Arab Emirates and abroad to generate sustainable financial returns for its shareholder, the Government of Abu Dhabi.
As Abu Dhabi’s leading strategic investment company, the company is investing and partnering at the leading edge of global growth and innovation to create opportunities for future generations. They continue to support the leadership’s vision as they build upon the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, who envisioned a free, stable and dignified life for the people of UAE.
Today, in line with HH Sheikh Zayed bin Sultan Al Nahyan’s vision, Mubadala is a $243 billion (AED 894 billion) business that spans six continents with interests across multiple sectors and asset classes. Headquartered in Abu Dhabi, Mubadala also has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.
As a responsible investor, Mubadala is committed to leaving a positive and lasting impact on the communities where the company deploys capital. As a business, the company recognises the importance of an Environmental, Social, and Governance (ESG) framework informing their investment decisions and asset management processes and is committed to upholding the emerging investment standards for their business and portfolio companies. This Certification is a testament to Mubadala’s commitment to integrity and transparency.
ABAC Certification is a component of the Anti Bribery and Anti-Corruption (ABAC®) Centre of Excellence. It is accredited by Emirates International Accreditation Center -EIAC and the U.S.-based International Accreditation Service (IAS). ABAC Certification provides clients with a comprehensive risk assessment and examination of an organisation’s global anti-bribery policies and procedures, as per the directives outlined in ISO 37001:2016 ABMS.
The requirements specified by ISO 37001 address two key areas:
- Bribery by the organisation, its personnel or business associates for its own gain
- Bribery of the organisation, its personnel or business associates in relation to its activities
Is ISO 37001 right for your business?
The standard is flexible and can be adapted to manage many types of bribery and suits a wide range of organisations, including:
- Large organisations and enterprises
- Small and medium-sized enterprises
- Public and not-for-profit organisations
- Non-government organisations (NGOs) and charities
The benefits of a certified ISO 37001 Anti-bribery Management System
ISO 37001 certification enables you to protect and preserve the integrity of your organisation by:
- Opening your organisation to external scrutiny of the effectiveness of your anti-bribery policies and processes
- Demonstrating compliance to relevant legislation such as the Bribery Act 2010
- Collaborating with stakeholders to monitor and manage risk throughout your organisation and supply chain
- Ensuring that suppliers, sub-contractors and agents are committed to anti-bribery best practice
Other Success Stories
ABAC® was established as an independent division of CRI® Group to provide training and certification services to businesses seeking to validate or expand their existing compliance frameworks by developing the latest in best-practice anti-corruption, due diligence processes and procedures necessary for pursuing maintaining global third-party affiliations. ABAC® Center of Excellence offers a complete suite of solutions designed to help organisations mitigate internal and external risks.
Over the past three decades, CRI® Group has emerged as a global leader in corporate investigations and risk management, serving distinguished clients across Europe, Asia Pacific, South Asia, the Middle East, North Africa, and North and South America. CRI® Group safeguards businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with an organisation.
If you seek to validate or expand your existing compliance frameworks to maintain a competitive edge in the world marketplace, ABAC® can help you. Our experts audit your existing compliance and anti-bribery anti-corruption management systems to assess effectiveness and vulnerabilities while ensuring your organisation complies with Internal Standards, FCPA rules, UK Bribery Act laws, Anti-Money Laundering regulations, and all other global, regional and local regulations.
About ABAC® CoE
Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence was created to educate, equip and support the world’s leading business organisations with the latest best-in-practice Anti-Corruption, Compliance, and Risk management System processes and procedures, providing a world-class evaluation of corporate compliance solutions to organisations seeking to validate or expand their existing compliance frameworks to maintain a competitive edge in the world marketplace. ABAC® CoE is an independent certification body that provides education and certification services for individuals and organisations on a wide range of disciplines and ISO standards, including:
- ISO 31000:2018 Risk Management- Guidelines;
- ISO 37000:2021 Governance of Organisations;
- ISO 37002:2021 Whistleblowing Management System;
- ISO 37301:2021 (formerly ISO 19600) Compliance Management system (CMS);
- Anti-Money Laundering (AML); and
- ISO 37001:2016 Anti-Bribery Management Systems ABMS.
ABAC® offers a complete suite of solutions designed to help organisations mitigate the internal and external risks associated with operating in multi-jurisdiction and multi-cultural environments while assisting in developing frameworks for strategic compliance programs. ABAC® experts audit any existing compliance and anti-bribery anti-corruption management systems to assess effectiveness and vulnerabilities while ensuring your organisation complies with Internal Standards, FCPA, UK Bribery Act, Anti-Money Laundering regulations, and all other global, regional and local regulations while maintaining a competitive edge in the world marketplace. ABAC® is accredited by the United Kingdom Accreditation Service (UKAS CB number: 10613) against ISO/IEC 17021-1:2015 Conformity assessment — Requirements for bodies providing audit and Certification of the scheme’s management systems of ISO 37001:2016 Anti-Bribery Management Systems (ABMS). This makes ABAC® Certification the leading accreditated certification body specialising in global anti-bribery and anti-corruption, risk and compliance management system standards.