February 14th, 2017
The business world is awash in global standards, such as those governing accounting, quality, and safety. Yet surprisingly, when it comes to the prevention and detection of bribery and corruption, no such global standard existed. However, in late 2016, the International Organization for Standardization (ISO), a worldwide federation of national standards, introduced ISO 37001, the first international standard designed to help organizations prevent and detect bribery.
ISO 37001 Anti-bribery management systems outlines the minimum standards required to achieve third-party compliance, including the elements of a company’s risk assessment process, anti-bribery policy, as well as recommendations regarding the investigation and remediation of bribery and corruption.
Download ISO 37001: "Creating a Global Framework for Compliance Programs" to understand how this standard has the potential to complement the U.S. government's guidance and case law as it pertains to anti-bribery and anti-corruption measures.