ISO 37001 Malaysia - Anti-Bribery Management System (ABMS)
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What is ISO 37001 Malaysia - Anti-Bribery Management System (ABMS)
An ISO 37001 Malaysia – Anti-Bribery Management System (ABMS) designs help companies prevent, detect, and respond to bribery events. The standard also includes compliance with the law, regulation, and other voluntary commitments. The ISO 37001 Malaysia mention various anti-bribery policies and procedures that the organization should implement in the fighting against corruption by establishing a culture of integrity, transparency, and compliance.
The ISO 37001:2016 utilizes the “ISO High-Level Structure (HSL)” in ten main clauses in the following breakdown:
- Support
- Operation
- Performance evaluation
- Improvement
- Scope
- Normative references
- Terms and definitions
- Context of the association
- Leadership
- Planning
The standard only addresses management systems and is not a full anti-fraud or anti-corruption measure. It also contains a great understanding of subjectivity as many conditions are qualified by phrases such as “appropriate” and “reasonable.” Hence, the real purpose and relevance of ISO 37001 Malaysia certification are dependent mainly upon the certifying body’s thoroughness.
ISO 37001 Malaysia applies only to bribery. The ABMS intended to improve the organization’s capability to prevent, identify, and react to bribery and comply with anti-bribery laws and commitments that the organization had to adhere. Moreover, ISO37001 does not explicitly address fraud, cartels, money-laundering, or other activities related to corrupt practices.
The anti-bribery management system can be a stand-alone system or integrated into an already implemented management system such as the Quality Management System (QMS) ISO 9001 Malaysia.
An organization can determine to perform the anti-bribery control system in association with or as part of other systems, such as those relating to the environment, safety, and quality.
What are the ISO 37001 Malaysia main benefits for my company?
Competitive Advantage
An anti-bribery certification leads to competitive advantages, as it is a strong signal towards buyers, clients and consumers. Its strong commitment helps protect the reputation of your company.
Improved Business Partners
The implementation of an effective anti-bribery management system helps ensure that your organization will not be negatively affected by issues in your supply chain.
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Globalcoin Consultancy Services, "GCS", helps assist and guide your organization to obtain Government Subsidized Funding for ISO 37001 Certification in Malaysia.
Preventative Action
The implementation considerably reduces the risk of malpractice because the standard was designed to help you prevent bribery.
Stakeholder Trust
ISO certification provides assurance to investors, customers, employees and other stakeholders that your company is making every reasonable effort to avoid bribery.
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Who ISO 37001 Malaysia is for?
ISO 37001 Malaysia can be used by any organization size, large or small, whether in the public, private or voluntary sectors. It is a flexible tool that can adjust according to the organization’s size and the nature of bribery risk it faces.
How can ISO 37001 Malaysia help my business grow?
A company’s ability to demonstrate to its vendors, customers, and the market as a whole that the company has an effective compliance and ethics program should have a positive effect on the company’s operations. The existence of a certified compliance and ethics program should demonstrate the company’s willingness and commitment to preventing, detecting, and addressing bribery, corruption, and fraud.
What are the steps to get my business ISO 37001 in Malaysia certified?
We have 4 simple steps for your business to achieve certification:
Identifying Existing Differences > Improve Documentation > Training > Implementation > Certification
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