What do you mean by ISO 37001?
ISO
37001 that is also referred to as Anti-Bribery Management Systems- Requirements
having guidance for use as well, was published in 2016 by ISO. It is a
management system that is already known by its other name. ISO 37001 fixes
various requirements in order for establishment, implementation, operation,
maintenance as well as continuous improvement of anti-bribery management
system. Likewise, it also gives you aid of guidance on actions and approach the
organizations take in order to be complaint with the standard’s requirement.
Who developed ISO 37001 standard?
ISO
Project committee ISO/PC 278 developed this management system. ISO 37001 was
published for the first time on October 15, 2016. Recently, ISO Technical
committee ISO/TC 309 Governance of Organizations have been formed. Lawyer Neill
Stansbury, he chaired the committee. This committee will look for the
maintenance, as well as the required future development of ISO 37001.
What is the standard based on?
The
guidance provided from organizations such as International Chamber of Commerce,
Organization for Economic Co-operation and Development, Transparency
International and many more other organizations’ is what the standard is based
upon. Likewise, the standard has incorporated guidance that had been issued by US
Department of Justice, US Securities and Exchange Commission, as well as UK
Ministry of Justice, which are the world’s leading regulators.
Who have adopted ISO 37001 till now?
Singapore
as well as Peru governments have adopted this standard, considering their
anti-bribery management systems which also formed a basis of Shenzhen Standard,
anti-bribery standard which is official one. It was published in June 2017 by
Shenzhen city of China. Microsoft as well as Walmart are looking forward to being
ISO 37001 certified
What is the goal of ISO 37001 standard?
ISO Certification 37001 also known by Anti-Bribery Management System looks for providing an
assistance to organizations in order to fight the battle against bribery via
establishing various procedures, policies as well as controls required, which
will aid in fostering of integrity, transparency as well as compliance culture.
ISO
37001, being only limited to use in case of bribery, it presented an intention
to help in improvement of the organization’s efficiency of prevention,
detection as well as responding to the bribery and also compliance in
accordance with bribery laws as well as commitments, which the organization
adhered to already. But ISO 37001 doesn’t address cases of fraud,
money-laundering, cartels or any other sorts of corruption practices,
specifically.
Anti-bribery
management system can stand alone or be integrated into already existent
implemented management systems such as Quality Management System, ISO certification 9001. It
is the choice of organization whether to be in conjunction with or be a part of
other systems, that are related with quality, environment as well as safety.
What are the main requirements for this standard?
ISO certification 37001: 2016 has adopted ISO High Level Structure ( HSL) presented in 10 main
clauses listed below:
- Scope
- References that are normative
- Terms and definitions
- Organization’s context
- Quality of Leadership
- Planning
- Support/Aid
- Operation
- Evaluation of the performance
- Improvement
Management
systems are only addressed via this standard, and it is also not a
comprehensive anti-corruption or anti-fraud standard. It includes appropriate
as well as reasonable requirements. That is why, the real meaning as well as
relevancy of ISO 37001 certification solely depends on certifying body’s thoroughness.
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