ISO37001 Anti-bribery management system

(1) ISO 37001 is the first international anti-bribery management system standard designed to help organizations combat the risk of bribery in their own businesses and throughout their GVCs.
Bribery is one of the most devastating and challenging issues in the world today. Every year more than 1,000,000,000,000 U.S. Dollars ($ 1 trillion) of bribes have had disastrous consequences for us, such as reducing the quality of life of our people, increasing poverty and eroding public resources ... despite all the national and international Corruption and bribery have made unremitting efforts, but this is still a serious problem. In view of this, ISO International Organization for Standardization recently drafted the relevant standards in order to help the major organizations struggle with corruption and bribery as well as to promote the business ethics culture in the world.

(2) The standard number is ISO37001
Is an international standard on anti-bribery management systems in which the standard sets out a list of measures to help organizations prevent, monitor and address bribery issues. Whether bribery is an organization's act or whether its employees or business partners represent bribery. The Anti-Bribery Management System establishes the following requirements using a series of related measures and controls, including supporting guidance:
· Anti-bribery policies and procedures
High-level leadership, commitment and responsibility
· Compliance manager or supervisory function
· Anti-bribery training
· Risk assessment and due diligence on projects and business partners
Financial, purchasing, commercial and contract control
Reporting, monitoring, investigation and review
· Corrective measures and continuous improvement

The ISO outlines a comprehensive anti-bribery system for companies to check if they meet the standards.
ISO37001 audit and release time schedule - September 2016 formally enacted ISO37001 for whom?
ISO37001 applies to all major national organizations, regardless of whether they are listed companies, private companies or non-profit organizations. This is a very flexible tool, as long as it has the potential for corruption and bribery, whatever its size and nature.
(3) Why did the U.S. Department of Justice and the SEC endorse the promulgation of ISO37001?
In fact, the reason is simple: global companies can use a unified anti-bribery standard. ISO37001 was prepared by anti-bribery experts from 28 countries, with the participation of 16 observer countries and 7 related countries. This is a global standard based on the United States Sentencing Guidelines and the UK Sentencing Program.
ISO37001 can help businesses around the world comply with the laws that they apply and allows businesses to be more easily recognized by partners from the United States and the United Kingdom.
(4) the commercial benefits?
Admittedly, getting certified does not mean that companies have immunity from being sued. However, at the very least, it helps the company minimize the likelihood of litigation initially. Because employees will be trained, business operations will be under control and some whistleblowing and high-risk points will be easier to disclose. If a company is prosecuted for a bribe, but the company already has a well-established compliance system that includes policies, processes, and reporting systems to manage corruption risks, then all of these factors can be used to defend or reduce Small litigation to the company losses. In addition, the ISO37001 certification shows that the company already has a good compliance system. Similar to other ISO certifications, external partners will also be able to promote their due diligence on their suppliers and third parties faster once they have passed ISO37001. This is a great business advantage. Especially in the area of procurement, this certification can prove its own compliance.

(5) Emphasize: The anti-bribery management standard will become the prerequisite for relevant bidding and purchasing

ISO37001 is the first international standard in anti-bribery management system in the world. As soon as it was released in 2016, Shenzhen became the pilot city of China's anti-bribery management system standard. In June 2017, Shenzhen officially released the first anti-bribery management system in China standard.
The "ISO37001 Standard" reflects the best international practice of anti-bribery and provides a systematic management method for anti-bribery management of all kinds of organizations. It has a wide range of reference values. The bribery risks faced by organizations, which have specific requirements, guidelines and procedures and control measures applicable to different organizations, can be used by all localities and all organizations, regardless of their size and nature.
In the future, ISO37001 will become the bidding and purchasing of large-scale international projects, the selection of suppliers by large international companies, and the preferential or even preconditions of government bidding and procurement. Some professional standards of certification have joined or are about to join the requirements of ISO37001. The "anti-bribery management system" Shenzhen standard draws on the ISO37001 international standards of anti-bribery management system and domestic and foreign anti-bribery practical experience, both with international standards and reflects the Shenzhen characteristics, both forward-looking and operational, and actively promote the pilot work, To promote the implementation of standards and accumulated experience.