Key Components Of Iso 37001 Anti-bribery Management System

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ISO 37001:2016 specifies necessities and delivers supervision for establishing, executing, maintaining, reviewing and improving an anti-bribery management system. The system can be stand-alone or can be combined into a complete management system. ISO 37001:2016 addresses the following in relation to the organization's activities:
• Corruption in the public, private and not-for-profit sectors.
• Corruption by the organization.
• Corruption by the organization's personnel acting on the organization's behalf or for its advantage.
• Bribery by the organization's occupational associates acting on the organization's behalf or for its advantage.
• Bribery of the organization's employees in relation to the organization's activities.
• Bribery of the organization's business connections in relation to the organization's activities.
• Straight and indirect bribery.
ISO 37001:2016 is appropriate only to bribery. It sets out necessities and delivers supervision for a management system designed to help an organization to stop, distinguish and respond to bribery and obey with anti-bribery ...
... laws and volunteer assurances valid to its activities. ISO 37001:2016 does not exactly address fraud, cartels and other anti-trust/competition offences, money-laundering or other actions related to corrupt practices, while an organization can choose to extend the scope of the management system to include such activities.
The adoption of ISO 37001:2016 grants benefits at domestic and international levels:
• Maximize financial profit and minimize financial losses to stakeholders through the construction of controls, measures and processes to mitigate the bribery in business processes.
• Create or support an anti-bribery culture based on the adoption of this certification which it is a distinction for businesses and government agencies.
• Increase the visibility and reputation of the brand or public entity in front of the society, clients, vendors and possible investors.
• In case of investigations, it delivers evidence to the company (internally), society, prosecutors or courts (dependent on the scope of work and legal instances) that are wanted to detect, respond, implement and prevent bribery and corruption.
Key Components of ISO 37001:
• Directing a risk assessment.
• Setting up an obedience function to monitor efficiency of the program.
• Communication of the policy to all appropriate personnel and business contacts (meaning, related parties/distributors, etc.)
• Training of staffs and business connections.
• Confirming their compliance.
• Monitoring high-risk payments and benefits to confirm they do not connote an immoral intent.
• Executing controls through the business to prevent bribery risk.
• Instituting “whistleblowing” measures.
• Setting up a proper process for investigation and dealing with any allegations of possible or suspected bribery.
ISO 37001 consultants can prepare ISO 37001 documents to help personnel in formatting quick documentation that compatible with ISO 37001 standard requirements. The ISO 37001 documents should cover manual, necessary policies, procedures, SOPs and audit checklist to control documents for organizations. Many organizations and ISO 37001 consultants are using ready documentation kits available on the website like Certificationconsultancy.com to reduces the time and cost involved in certification as well as better control over the implemented Anti-Bribery Management System.