What is ISO 37001?

ISO 37001(Anti-bribery Management System) is the first international certifiable standard in the field of compliance.
Activities to prevent corruption, starting with FCPA (United States, 1977), take place worldwide, including the Anti-Bribery Convention (OECD), the Anti-Corruption Convention (UN), and the Bribery Act (UK), and its determination, ISO 37001, was established on October 15, 2016.

What are the benefits of ISO 37001

Anti-bribery Management System is essential to our society.
Recently, the figures show how experts around the world perceive Korea's public sector, which is expected to intensify calls for Korean companies to prove anti-bribery activities in the global community due to national discounts.
ISO 37001, an international framework for controlling internal and business stakeholders, states that while standards do not specifically address fraud, anti-trust/fair competition violations, money laundering, the organization can optionally extend its management system to include such activities. Therefore, ISO 37001 can be used as a risk management framework to build other comprehensive risk management systems for the organization.
ISO 37001 can objectively demonstrate the organization's anti-bribery activities in response to global legal and regulatory requirements and in response to significant attention and supervision under the Anti-Solicitation Act, appropriate procedures to prevent bribery under the Bribery Act, and compliance programs under the FCPA.

Certification application of ISO 37001

ISO 37001 can be applied to any type of organization, such as government and public sectors, policy assessment agencies and private sectors, or to any size, such as small and large organizations.

What are the requirements of ISO 37001

ISO 37001 is applicable independently or integrally to existing management systems and control systems.
ISO 37001 implements anti-bribery policies and programs.
Inform all relevant employees and organizations (venture partners, subcontractors, suppliers, consultants, etc.) of policies and programs
Appointment of a compliance manager to oversee the program
Proper anti-bribery training for employees
Risk Assessment of Bribery
Reasonable measures to implement appropriate anti-bribery controls
Check employees' compliance with anti-bribery policies
Control of gifts, entertainment, donations, etc. to prevent bribery
Implementation of appropriate financing, procurement, contracts and other commercial management to prevent the risk of bribery
Implementation of reporting procedures and internal complaints
Appropriate investigation and handling of actual bribery and suspicions
Monitoring and evaluating the efficiency of the program and seeking improvement measures if necessary