Illicit interest transfer (bribery, non-integrity, etc.) is one of the most damaging and challenging problems
in today’s world. Each year, more than
$1 trillion of illicit interest causes catastrophic
consequences by reducing people’s quality
of life, worsening poverty situations,
and eroding public resources.
Anti-bribery programs have
been frequently put forward as
an important part of compliance
management. Due to a lack of
bribery control in enterprises,
bribery often brings about
immeasurable damage to corporate
reputation while also causing loss. Currently,
bribery is a serious issue around the world.
Past cases indicate that bribery has become
a “necessity” in many commercial activities.
However, as the global awareness of anti-bribery efforts has spread, more and more
countries, international organizations, and
individuals began to call for prevention
and control of bribery, which has become a
What is ISO 37001:2016 for?
Though countries and international
organizations have made unremitting efforts
to resolve the bribery problem, it remains a
severe issue. Under these circumstances, the
International Organization for Standardization
(ISO) released ISO 37001:2016 in October 2016
to help all organizations fight against bribery
and to promote the commercial ethics system
building around the world. This standard
is applicable to all organizations, including,
but not limited to, listed companies, private
companies, or non-profit organizations, and
the application is not limited to the whole
standard. It is a very flexible tool. As long as
potential bribery problems exist, this standard
can be applied. ISO 3700:2016 elaborates a
series of measures to help all organizations
prevent, monitor, and handle bribery
problems. The standard includes the adoption
of anti-bribery policies, strong compliance
instruction from senior management,
appointing designated personnel to supervise
anti-bribery compliance issues, training,
risk evaluation, background investigation
of project and business partners, financial
management and control, an anonymous
» ISO 37001 helps all organizations fight against bribery and promote commercial ethics system building around the world.
» It elaborates a series of measures to help all organizations prevent, monitor, and handle bribery problems.
» ISO 37001 helps companies reduce the chance of being charged from the beginning.
» A standard operation starts with defining key points and then conducting qualitative or quantitative analyses.
» An enterprise must avert the risk of bribery with its own down‑to‑earth efforts too.
by Vivian Zhou
ISO 37001:2016, a sword that
pierces to the heart of bribery
Vivian Zhou ( firstname.lastname@example.org) is Founder and CEO at
Glory Compliance Inc. in China.