Bribery and corruption are some of the evils that cause organizations huge losses- both tangible and intangible. The tangible losses include the loss in finances of the company, whereas intangible losses amount to the image of the organization. This loss of image causes a loss of confidence among all the associated parties. ISO 37001 Certification helps organizations in building and executing an anti-bribery management system. It gives a list of measures that help in detecting, preventing, or dealing with any event related to bribery practices.
The ISO 37001 Standard (ABMS) also inculcates a culture of ethical practices inside the organization.Thus, it is important for the organizations to implement a system in place that can check the events of bribery and corruption and protect the reputation of your organization.
ANTI-BRIBERY MANAGEMENT SYSTEMS - ISO 37001:2016 Certification
ISO 37001 certification is applicable to any organization irrespective of its size or sector. The ABMS is an organization that assures the owners, suppliers, employees, and partners about the relevant controls in order to maintain anti-bribery practices. Although ISO 37001 certification is not a total cure against bribery, its implementation helps in effective identification of the event of corruption.
The organizations have been subjected to administrative and criminal responsibilities since the advent of the new criminal system and the law of administrative responsibilities. This made the organizations liable to administrative and criminal penalties for the act of corruption. The organizations might end up paying huge fines or getting dissolved if it is found guilty of corruption. Thus, maintaining an anti-bribery management system shields the organization during any such event.
ISO 37001 Certification assists your organization in detecting bribery or corruption in a timely manner and implementing appropriate practices to prevent bribery. It also requires the documentation of all the steps taken so that your organization becomes more accountable and transparent.
BENEFITS OF ISO 37001 CERTIFICATION
There are several advantages of ISO 37001 Certification for an organization:
- It enables the organization to implement and improve the controls to prevent bribery or corruption.
- Due to the documented evidence, it helps the organization during the event of legal investigation to prove its compliance.
- It helps in obtaining the internationally endorsed certification for Anti-Bribery Management.
- It promotes integrity and transparency inside the organization. It defines the roles and responsibilities of managers and workers by making them aware of the risks associated with corruption.
- It promotes continuous improvement of your management system by promoting its evaluation periodically.
- It helps in reducing liability costs.
- It incorporates the legislative requirements of the government into the system. It allocates and monitors the implementation of resources available to combat risks.
- It has information on who, what, and how the resources allocated to this item were spent, and also provides the results of the expenses generated.
- It modernizes the process for consenting to government services.
- It incorporates new technologies to facilitate the services.
- Improves the distribution of products or services.
- It promotes the reporting behavior of the citizens against corruption.
- It facilitates the participation of citizens.
- It puts in place; protection measures for whistle-blowers.
It must be noted that ISO just publishes the standard requirements, the certification against those standards is performed by an external certification body. SIS Certifications is one such body. Our integrity is our pride and meeting the deadlines is our commitment. Once you have built and implemented your ABMS, you can contact us for the ISO 37001 Certification in Australia . After filling up the ISO 37001 Standard (ABMS) forms and reviewing all the requirements, you should proceed further with the audit. The team of our expert auditors will comprehensively assess the compliance of your management systems, notify you about the gaps, if any, and award certification at the end of successful completion of the audit.
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