ISO 37001 Anti-bribery
Management System
The International Organization for Standardization The adoption of ISO 37001:2016 grants
(ISO) recently issued its Standard 37001:2016 benefits at domestic and international
for anti-bribery management systems. The levels:
standard specifies requirements and provides • Maximize financial profit and/or minimize
guidance for establishing, implementing, financial losses to shareholders through the
maintaining, reviewing and improving an anti- creation of controls, procedures and
bribery management system (ABMS). This is an processes to mitigate the bribery and
important move considering the continued corruption in business operations.
prevalence of bribery and corruption. • Create or reinforce an anti-bribery culture
based on the adoption of this certification
ISO 37001 offers valuable direction for private which it is a distinction for companies and
and government owned organizations alike in government agencies.
establishing new, or strengthening existing, anti- • Increase the visibility and reputation of
corruption compliance programs and management the brand or public entity in front of the
systems. Its requirements and guidance appear society, customers, vendors and potential
thoughtfully designed to help companies prevent, investors.
detect, and respond to bribery while complying • In case of investigations, it provides
with anti-bribery laws. New ISO 37001 is also evidence to the company (internally),
compliant with ISO 19600 Compliance society, prosecutors or courts (depending
management systems and new ISO high level on the scope of work and legal instances)
structure, therefore it can be easily integrated with that are needed to detect, react, implement
most ISO-based management systems. and prevent bribery and corruption.
Key components of ISO 37001: Get in touch for an advise on the
• Conducting a risk assessment.
next steps for your company:
• Setting up a compliance function to monitor
Juozas Mikulis
effectiveness of the program.
Head of Consulting
• Communication of the policy to all relevant
jmikulis@deloittece.com
personnel and business associates (meaning, related
+370 650 79 325
parties/distributors, etc.)
• Training of personnel and business associates.
• Verifying their compliance. Deloitte verslo konsultacijos UAB
• Monitoring high-risk payments and benefits to Jogailos st. 4
ensure they do not connote a corrupt intent. Vilnius
• Implementing controls throughout the business to +370 5 255 3000
prevent bribery risk.
• Instituting “whistleblowing” procedures.
• Setting up a formal process for investigating and
dealing with any allegations of potential or
suspected bribery. 1
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