ISO 37001 helps your business to fight corruption by putting in place an anti-bribery governance framework. It contributes to the reduction of bribery risks and the demonstration of your stakeholders’ support to the anti-bribery program abided by the organization. The adoption of this standard allows you to nullify, discover, and manage bribery issues fully due to a complete anti-bribery policy, the appointment of a compliance officer, providing training, the carrying out of risk assessments, and the application of financial and commercial controls.
However, despite the unwavering efforts to combat the issue, bribery still remains a major concern. ISO 37001 brings a new benchmark to enforce the fight against corruption and to cater for a simple code of good business behavior.
Details Of Anti-Bribery Management System
Worldwide, a more than $1.5 trillion flow of bribes annually is guessed. Here are some ways that the economy and society are hurt by this. It leads to a loss of confidence in interrelations, can be a source of unfairness, can make the distribution of wealth unfair. It can decrease motivation. In addressing this issue, ISO created the ISO 37001, which is an international standard that provides the necessary steps towards an effective anti-money laundering system (ABMS) and is intended to combat corruption globally..
The Complete Details Of Requirements For ISO 37001 Anti-Bribery Management System
The language of the ISO 37001 standard is based on a structure that is much the same as other ISO standards, hence, it is quicker and easier to certify if your management system is already ISO certified.
Strengthen The Specific Conditions Of Organizations:
First off, detail the requirements of the management system aimed at addressing the issues of bribery and corruption, one of which has to be conducting an integrity risk analysis for the company or particular units. Set up measures that aim to prevent and detect bribery, and, as part of the preparation of the audit, perform the necessary checks on the organization’s operations along with the assessment of the possible risks and weak points in the organization.
Strong Senior Management:
It is the executives’ duty to steer the company’s anti-bribery and corruption management system and ensure the consistent enhancement of the whole system while they have a special commitment to the job to the system of the deployment of roles to others in it.
Build Strategy With ISO 37001 Certification :
Elicit a detailed plan for putting the AB&ACM way into practice, for example, the set-up of goals and the distribution of resources (both financial and human).
Carry Out Operations:
The company should have a process in place that ensures the compliance of all due diligence activities to ISO 37001.
Evaluate An Audit Performance:
Create an anti-corruption safeguard roadmap that provides details on anti-corruption measures and ways to assess them, thus, obtaining desired effect through evaluation and refining the management system. Perform internal audits to validate the evaluations.
Cost For ISO 37001 Certification
The ISO 37001 certification cost is the variable one and depends on a great variety of factors. The major criteria considered revolve around whether the company has already carried out some kind of management system that has received the certification, its size and how complicated the anti-corruption management system is. These issues, in turn, influence the audit period and the total expenses involved. We are glad to present you with a quote for your company or group, which is personalized and without any obligation.
How Nines Consultancy’s Professionals Can Help?
Among the bodies with signatory status, our expert company is a leader in the provision of the testing, inspection, and certification services not only in India but also globally. By being around the block when it comes to compliance matters and regulations, we made our first adherence ten years back. Our customers have given us their confidence to harness the newest inventions and tried technologies to deliver excellent solutions. Our comprehensive set of services is aiming at the worldwide markets that are key to your successful development. Nines Consultancy’s team of international auditors and experts is available globally to support you at any time, everywhere and fulfills your specific needs according to applicable laws and standards.
Certification: Being certified for your management system tells both the internal and the external stakeholder of your commitment to the best possible product.
Our Process
- Pre-Audit
- Audit Plan
- Audit Stage 1 & 2 On-Site
- Get Certification