ISO 37001: AN INDISPENSABLE TOOL FOR PREVENTING BRIBERY
ISO 37001: An indispensable tool for preventing bribery
IMPORTANCIA DE LA NORMA ISO 37001
The threats of bribery and corruption produce both tangible and intangible losses, hence the vital importance of the ISO 37001 standard. In a tangible way we can speak from the personnel and economic; in an intangible way the most important point is the image of the organization, which runs the risk of not recovering the confidence in the organization, not only internally, but also externally by the partners.
Therefore, it is necessary to have a properly implemented anti-bribery management system to address all bribery risks and thus protect the reputation of your organization in the long term, while maintaining the integrity of its operations.
Since 2017, the Law of Administrative Responsibilities and the new Criminal System came into force, so your organization is subject to administrative and criminal liabilities for committing acts of corruption.
This law fines any organization that has committed acts of bribery and corruption, even dissolving them, the only defense that organizations will have by law is the existence of an integrity program and anti-bribery controls.
LA NORMA ISO 37001:2016, SISTEMAS DE GESTIÓN ANTISOBORNO
ISO 37001 is the standard responsible for helping organizations to have a well-implemented anti-bribery management system. This standard contains a series of measures that allow you to prevent, detect and deal with bribery practices that may occur.
ISO 37001 is aimed at all organizations, regardless of sector or size. By having this system in place in your organization, employees, suppliers and any partners will be assured that you have the necessary controls in place to carry out anti-bribery practices. Although it does not ensure that your organization does not suffer any bribery, it prevents risks.
It also enables your organization to detect in a timely manner any suspicion of bribery or corruption in financial or commercial matters and provides evidence that reasonable steps have been taken to prevent bribery, making your organization more accountable and transparent.
ADVANTAGES OF THE ISO 37001 STANDARD
The advantages that you can obtain if your organization is certified under the ISO 37001 standard are several and of great weight. Here are the main ones:
- Allows your organization to maintain, implement and improve existing controls to close the door to bribery or corruption.
In the event of a legal investigation, it keeps documented evidence to support your organization’s good behavior and actions.
Obtain internationally recognized certification in anti-bribery management.
Within your organization, promote integrity and transparency of both employees and managers, making them aware of the issue.
Encourage continuous improvement of internal processes, evaluating them periodically.
The cost of fines and criminal sanctions is minimized.
MEASURES IMPLEMENTED BY THE GOVERNMENT TO AVOID FALLING INTO CORRUPTION
- Allocates and monitors the execution of resources available to combat risks.
- It has information on who, on what and how the resources allocated to this item were spent, as well as the results of the expenses generated.
- Modernizes the process for consenting government services.
- To facilitate and streamline services, it incorporates new technologies.
- Improves the distribution of products or services.
- Promotes a culture of transparency to fight corruption.
- Promotes a culture of citizen reporting.
- Helps develop a whistleblower protection scheme.
As you can see, ISO 37001 encompasses the needs for business sectors to be increasingly transparent at national and global level. At QAlliance we have a qualified team to provide you with the right service and guidance to help you achieve your certification. For more information schedule a call.