WHY FINANCIAL SERVICES FIRMS NEED ISO 37001

On 5 August, the CRI Group reported that the ISO 37001:2016 Anti-Bribery Management System standard is designed to help global organisations implement an anti-bribery management system (ABMS), as the standard specifies a series of measures required by the organisation to prevent, detect and address bribery, and provides guidance relative to that implementation. It is said to provide a critical layer of protection that provides both anti-bribery controls and a system for compliance with various anti-corruption legislation, such as the FCPA and UK Bribery Act. It says that the ISO 37001 ABMS standard is an established, tried and tested program to address those issues head-on through a comprehensive programme of training and certification.  It is said that ISO 37001 can be used by any organisation, large or small, whether it be in the public, private or voluntary sector, and in any country. It is a flexible tool, which can be adapted according to the size and nature of the organisation and the bribery risk it faces.

https://crigroup.com/why-financial-services-firms-need-iso-37001-abms/

https://www.iso.org/iso-37001-anti-bribery-management.html

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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