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What is the ISO 37001 Standard?

ISO 37001 is an international standard which helps companies in the establishment, implementation, review and improvement of their anti-bribery compliance program. The standard does not guarantee companies are not engaged in bribery-related practices, but helps by providing a management system framework with which they can structure their due diligence programs. The ISO 37001 standard aids companies in being proactive when combatting bribery-related activity in their operations by helping to prevent, detect and address instances of bribery in their supply chains, whether from the organization itself, the personnel within it, the business associates it engages with, or a third party.

Requirements Under ISO 37001

The requirements of ISO 37001 are standardized and applicable to a variety of companies, regardless of industry. In order to comply with the standard, companies must align to recognized best practices and satisfy several requirements such as:

Demonstrated commitment from top management to create, review and maintain an anti-bribery policy

Systematic, regular reviews of anti-bribery company policies

Providing anti-bribery awareness and training to personnel and the supply chain

Implement and maintain employment procedures requiring personnel to comply with the anti-bribery compliance plan and report suspicious activity

Perform internal and supply chain due diligence, undertake risk-mitigation actions and audit internal staff and third party intermediaries

Anti-Bribery Anti-Corruption Compliance Solution

Assent Compliance offers a comprehensive anti-bribery and anti-corruption compliance solution that helps companies comply with standards such as ISO 37001. Assent aids companies in implementing the most challenging aspects of their compliance program, by offering comprehensive internal employee training, administering supply chain education programs and performing increasingly critical supply chain due diligence and data management. Product highlights include:

Internal employee and supplier education through Assent University

Supply chain due diligence management and data collection

Documentation and policy review/creation

Risk mitigation program support

Performance measurement and monitoring

...and more!

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