Zero tolerance to fraud, how ISO 37001 ABMS can help?
Smart corporate leaders know that “Tone at the Top” is a significant factor in the general corporate culture. The behaviour and mindsets demonstrated by those at the top of the chainset are the standard for the rest of the industry to follow. This couldn’t be truer when it comes to ethical standards; if an organisation is lenient and easy-going towards unscrupulous behaviour, it generates a perplexing memorandum for other members of the same workforce and essentially encourages damaging habits.
When an organisation creates a zero-tolerance environment for fraud and corruption, the opposite is true: personnel come to understand that ethical behaviour is the norm. Anything outside of those bounds will be reprimanded – perhaps with the loss of their job or even prosecution.
Creating a zero-tolerance approach to fraud doesn’t happen overnight. When your organisation enrols in ISO 37001 ABMS training and certification, the program involves your entire team. The training helps establish an ethical culture by educating your employees on the following:
- What constitutes fraud, corruption, and bribery, and why these are so damaging to business
- How to identify red flags of fraud, corruption, and bribery
- The process for reporting fraudulent and unethical acts
- The organisation’s zero-tolerance attitude toward unethical behaviour and willingness to terminate employees for breaches and prosecute unethical acts
- The serious ramifications for committing fraud or bribery, the legal consequences, and the negative impact on one’s career
Employees shouldn’t be expected to follow a code of conduct that they aren’t aware exists. That’s why ISO 37001 ABMS creates a communication plan through which organisation leaders regularly communicate their ethical behaviour expectations to staff.
The anti-fraud and anti-corruption controls established by ISO 37001 ABMS also apply to personnel at all levels of the organisation. When employees see that higher-level executives are subject to the same ethical standards as the individual at the lowest level of the flow chart, they understand that the organisation is serious about its commitment to having an ethical workplace free of fraud, corruption and bribery. That’s Tone at the Top.
Find out more about ISO 37001 view ABAC® ISO 37001 ABMS brochure
Set the tone at the top in your workplace with ISO 37001 Anti-Bribery Management Systems
Sign your company up for our ABAC®’s ISO 37001:2016 Training and Certification and create a zero-tolerance atmosphere toward fraud, corruption, and bribery to build credibility and help your organisation be ethical and successful. ABAC® Centre of Excellence, an independent certification body established to provide certification and training in ISO 37001 Anti-Bribery Management Systems, ISO 37301 Compliance Management System, ISO 31000 Risk Management Systems. ISO 37002 Whistleblowing Management Systems and ISO 37000 Governance of Organisation. ABAC® ISO program specifically tailored to your organisation’s needs and requirements. For assistance in developing and implementing a fraud prevention strategy, contact ABAC® or get a free quote now.
Free Gap Analysis of Highest Ethical Business Assessment (HEBA)
We welcome you to have a free Gap Analysis of Highest Ethical Business Survey – and prove that your business is ethical. Complete our free Highest Ethical Business Assessment (HEBA) and evaluate your current Corporate Compliance Program. Find out if your organisation’s compliance program aligns with worldwide Compliance, Business Ethics, Anti-Bribery and Anti-Corruption Frameworks. Let ABAC® experts prepare a complimentary gap analysis of your compliance program to evaluate if it meets “adequate procedures” requirements under the UK Bribery Act, DOJ’s Evaluation of Corporate Compliance Programs Guidance and Malaysian Anti-Corruption Commission. The HEBA survey is designed to evaluate your compliance with adequate procedures to prevent bribery and corruption across the organisation. This survey is monitored and evaluated by qualified ABAC® professionals with Business Ethics, Legal and Compliance backgrounds. The questions are open-ended to encourage a qualitative analysis of your Compliance Program and facilitate the gap analysis process.
[…] expected, what is considered unacceptable, and what the consequences will be for transgressions. A zero tolerance approach should be followed, as the message it sends to employees is important in creating a maintaining the […]
[…] an organisation creates a zero-tolerance environment for fraud and corruption, the opposite is true: personnel come to understand that ethical behaviour is the norm. Anything […]