The ISO 37001 standard specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing, and improving an anti-bribery management system, applicable only to bribery. ISO 37001 is designed to assist organizations in implementing an effective system or enhancing existing controls against bribery. By adopting the standard, an organization demonstrates to stakeholders that it values its business ethics. The system can be implemented as a standalone system or integrated into a global management system.
The benefits of implementing an anti-bribery management system include: reliability and trust in the organization, evidence in case of investigation that the organization has taken reasonable measures to prevent bribery, reduction of bribery risks, cost savings, and a strong reputation.