An ABMS based on ISO 37001 is intended to help organizations effectively prevent, detect, and respond to bribery. Other forms of corruption, such as fraud, are not covered by the standard. The requirements of the standard are generic and applicable to all organizations, regardless of their type, size, and sector (public, private, or not-for-profit). Furthermore, ISO 37001 can be used to tackle bribery by or of the organization as well as direct and indirect bribery.
Implementing an ABMS based on ISO 37001 can be a good strategic decision to demonstrate an organization’s commitment to effectively prevent, detect, and respond to bribery. Organizations seeking an effective ABMS will have to demonstrate their commitment to prevent bribery by establishing policies, procedures, and controls which contribute in reducing bribery risks. Nevertheless, the requirements of ISO 37001 are generic; therefore, organizations will have plenty of freedom to establish an ABMS which best suits their needs.
The requirements of ISO 37001:2016 are generic and are intended to be applicable to all organizations (or parts of an organization), regardless of type, size and nature of activity, and whether in the public, private or not-for-profit sectors.