Corporate compliance has evolved considerably over the last few decades. Global regulations such as the Foreign Corrupt Practices Act and UK Bribery Act continue to lead the way, along with guidance and enhanced cross border co-operation from the US Department of Justice, the Securities and Exchange Commission and Organisation for Economic Co-operation and Development (OECD).
More recently, the launch of ISO 37001 standard on Anti-Bribery Management Systems is another step to enhance compliance frameworks. The standard comprises a certification of the organization’s compliance program, provides benchmark for organizations to implement compliance programs, is designed to prevent and detect the risk of bribery and demonstrates strong management commitment.
This video highlights how the ISO 37001 standard be beneficial in establishing a robust anti-corruption environment.