Anti-bribery management system based on ISO 37001 helps you and organizations prevent, detect and address bribery toward better ethical business culture.
Corruption is not an obstacle to business in Australia, which is known for its well-functioning and independent judiciary, transparent regulatory climate and overall low levels of corruption. However, corruption risks exist in relation to foreign bribery and the mining industry. The Criminal Code covers bribery of foreign and domestic public officials, while each of Australia’s states and territories has its own anti-corruption provisions.
Public sector and private sector bribery are addressed, and both individuals and companies can be targeted. Persons convicted of corruption can receive a maximum penalty of 10 years’ imprisonment and/or a fine of up to AUD 1.1 million. For a business, the penalty is a fine of up to AUD 17 million, three times the value of the obtained undue benefit, or 10% of the annual turnover of the company during the period in question. (Australia Corruption Report)
Benefits of implementing ISO 37001 in an organization:
- Organizations that wish to implement such a system will have the opportunity to
- Promote trust and confidence (enhancement of reputation and improvement in client trust)
- Implement the necessary measures designed to prevent, detect and address bribery
- Avoid reputation damage
- Avoid cost
Learn how to manage one of the world’s most damaging and challenging issues known as bribery through ISO 37001 – Anti bribery management systems
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What ISO (International Organization for Standardization) says about this standard:
Bribery is one of the world’s most destructive and challenging issues. With over US$ 1 trillion paid in bribes each year*, the consequences are catastrophic, reducing quality of life, increasing poverty and eroding public trust.
Yet despite efforts on national and international levels to tackle bribery, it remains a significant issue. Recognizing this, ISO has developed a new standard to help organizations fight bribery and promote an ethical business culture.
ISO 37001, Anti-bribery management systems, specifies a series of measures to help organizations prevent, detect and address bribery. These include adopting an anti-bribery policy, appointing a person to oversee anti-bribery compliance, training, risk assessments and due diligence on projects and business associates, implementing financial and commercial controls, and instituting reporting and investigation procedures.
It is designed to help your organization implement an anti-bribery management system, or enhance the controls you currently have. It helps to reduce the risk of bribery occurring and can demonstrate to your stakeholders that you have put in place internationally recognized good-practice anti-bribery controls.
Who is it for?
ISO 37001 can be used by any organization, large or small, whether it be in the public, private or voluntary sector, and in any country. It is a flexible tool, which can be adapted according to the size and nature of the organization and the bribery risk it faces.
ISO 37001:2016 addresses the following in relation to the organization’s activities:
- bribery in the public, private and not-for-profit sectors;
- bribery by the organization;
- bribery by the organization’s personnel acting on the organization’s behalf or for its benefit;
- bribery by the organization’s business associates acting on the organization’s behalf or for its benefit;
- bribery of the organization;
- bribery of the organization’s personnel in relation to the organization’s activities;
- bribery of the organization’s business associates in relation to the organization’s activities;
- direct and indirect bribery (e.g. a bribe offered or accepted through or by a third party).