ISO 37001 Certification: Anti-Bribery Management System
Set the best work culture within your organization with the help of the Anti-Bribery Management System through ISO 37001 Certification in Saudi Arabia.
What is ISO 37001 Certification?
ISO 37001 Certification is a standard for Anti-bribery Management Systems. It confirms an organization’s compliance with the requirements of the ISO 37001 standard.
The resolution of ISO 37001 is to deliver organizations with a comprehensive approach to preventing, detecting, and responding to bribery and corruption risks.
Organizations certified under ISO 37001 demonstrate to their stakeholders that they have implemented an effective Anti-Bribery Management System (ABMS) to protect against bribery and corruption.
The standard includes requirements for the development and implementation of an ABMS. Also, it focuses on various activities such as monitoring, reviewing, and continually improving an organization. Generally, the ABMS framework of this standard encourages organizations to establish an effective communication system.
Each activity mentioned in the framework is to ensure all stakeholders are aware of their obligations and responsibilities as per the ABMS guidelines.
Benefits of 37001 Certification
- Boost Organization’s Reputation
The ISO 37001 certification proves to potential patrons, dealers, and other investors that your organization is thinking about preventing bribery and corruption. This can help to improve your organization’s reputation and boost customer trust.
- Allow Better Efficiency
By implementing ISO 37001, your organization can improve its internal efficiency and processes related to anti-bribery and corruption measures. These processes can help to ensure that all employees are aware of the policies and procedures in place and that they are adhered to.
- Save The Cost
The cost of bribery and corruption can be controlled with the use of the ISO 37001 standard. Your business can save money on investigations, penalties, and other bribery and corruption-related expenses by lowering the risk of corruption and bribery in your workplace.
- Increase Competitiveness
The implementation of an anti-corruption strategy can help your business stand out from the crowd and gain an edge over competitors. The standard can also make it easier for your organization to win contracts and tenders due to its well-preserved reputation.
Apart from the above benefits, an organization can obtain the following points while applying for the ISO 37001 Certification in Saudi Arabia:
- Perform continuous improvement
- Reduce bribery risks
- Build customer trust
- Create brand image and reliability
- Better implementation of the Anti-Bribery System Management.
- Take proactive measures to prevent bribery
- Avoid downtime of future security issues
- Help with legal compliance with regulatory requirements
- Develop credibility and marketability
- Achieve a competitive edge over others
- The decline in financial losses
Requirements of ISO 37001 Certification
- Form a written anti-bribery management system (ABMS) suitable per the nature, scale, and complexity of the organization’s activities.
- Appoint a consultation body (Ascent Saudi) to assist you in finding the gaps in your system and implement the ISO 37001 ABMS.
- Appoint a competent Anti bribery officer.
- Ensure top-level commitment to preventing
- Develop risk assessment and analysis within the organization.
- Implement control measures within the organization.
- Monitor and review the performance of different functions as per ISO 37001 Standard
- Provide assurance about the functionalities by including internal and external audits.
- Allow continuous improvements as per ISO 37001 ABMS.
- Training and awareness campaigns of your staff.
- Keep the records up-to-date.
- Do periodic reviews of the ABMS and related policies and procedures.
Which Organizations Require ISO 37001 Certification?
Every organization that wants to show that it is committed to thwarting bribery and corruption should think about obtaining ISO 37001 certification. This guideline is relevant to all firms, regardless of size, although it is especially pertinent to those with large worldwide activities. Multinational enterprises, governmental bodies, and non-governmental organizations are a few examples of the types of organizations that could profit from ISO 37001 certification.
Why Should You Prefer ISO 37001 Certification?
A set of standards is provided by ISO 37001 certification to assist enterprises in reducing and preventing bribery in their daily operations. Moreover, it gives clients the confidence that a company is a moral and reliable business associate, aiding businesses in fostering trust, maintaining competitiveness, and safeguarding their reputation and brand. Moreover, ISO 37001 certification can assist firms in adhering to relevant anti-bribery laws and regulations as well as fulfilling their due diligence obligations.
Strength of Ascent SAUDI
- Ascent SAUDI provides relevant training to all levels of employees about the implementation and knowledge of ISO 37001 Certification.
- Ascent SAUDI guides you on the road map to ISO 37001 Documentation and steps to implement by our experienced and qualified team for all businesses.
- Ascent SAUDI has been in the business of ISO Certifications and Product Marking for the past 10+ years. We have achieved the highest level of security and customer satisfaction.
- Experts of Ascent SAUDI provide 24X7 active service to help you with anything, anytime, and anywhere in the world.
- Services of Ascent SAUDI can be provided as evidence and help you with the closure of non-conformities and offer you the best help to improve the efficiency of your business.
- With Ascent SAUDI, achieving an ISO 37001 Certificate is a simple step for a business, industry, or organization.
Apart from that, we deliver the following Unique Selling Points:
- Better international exposure.
- Skillful experts to handle the ISO 37001 Documentation.
- Top-class and strict ISO 37001 Audit (Internal & External Audit including Gap Analysis).
- Experienced consultants to handle your case.
- Gain technical and advanced-level approaches from qualified professionals.
- Certification is guaranteed.
- Service availability is assured at different locations such as Arar (‘Ar’ar), Al Bahah, Abha, Al Aziziyah, Al-Ahsa Oasis, Al-Hofuf, Al Jawf, Jubail (Al Jubayl), Al Majma’ah, Al Uwayqilah, Ar Rass Al Qurayyat, etc.
- 100% success rate with higher credibility.
- Ascent SAUDI is not a freelancer or managed by temporary individuals. The result is assured with us.
- We stand at the top of the best-listed consultant agency.
Frequently Asked Questions
Is ISO 37001 Certification obligatory?
Like other ISO certifications, the ISO 37001 Certification is also a voluntary standard. Any organization in Saudi Arabia can accept it to ensure the better implementation of the Anti-Bribery Management System (ABMS).
What is the validity of ISO 37001 Certification?
Once verified, the organization gets 3 years of validity on an ISO 37001 Certificate. However, the certification processes lead to conclude annual surveillance and recertification (after the expiry).
What is the ISO 37001 Certification cost in Saudi Arabia?
The pricing to obtain an ISO 37001 Certificate follows the factors such as size, complexity, and the number of employees of an organization. Also, some miscellaneous charges may be added to the list, if a client requires something extra.
How do you differentiate the terms “bribery and corruption”?
Bribery is a more limited idea than corruption. However, corruption encompasses a wide range of crimes such as misuse of concealment, power, misappropriation, and obstruction of justice.
What are the types of bribery coming under this standard?
As per the ABMS Standard, the types of bribery like financial or non-financial, directly or indirectly are coming under this. Also, the involvement of employees or management is being tracked irrespective of their locations.