Fraud Management System (ISO 37001)

About the standard:

About the standard:

ISO 37001 sets requirements for implementing an anti-bribery management system, supporting organizations in preventing, detecting, and responding to bribery and fraud-related risks.

Main objectives

Prevent fraud and bribery

Establish strong controls and policies.

Enhance transparency

Promote ethical practices across operations.

Risk management

Identify areas vulnerable to bribery or fraud.

Ensure compliance

Align with legal and regulatory frameworks.

Promote integrity

Build a culture of honesty and accountability.

Key responsibilities & Advantages of the standard

Key responsibilities & Advantages of the standard

Anti-fraud policies

Define rules for ethical conduct.

Risk assessment

Evaluate processes for bribery risks.

Internal controls

Implement monitoring, approval, and audit mechanisms.

Investigation procedures

Respond to fraud cases with clear protocols.

Training and awareness

Educate staff on anti-bribery practices.

Reduced fraud risks

Prevent illegal activities.

Regulatory compliance

Meet global anti-bribery laws.

Stronger reputation

Demonstrate ethical leadership.

Operational transparency

Improve accountability.

Continuous improvement

Strengthen fraud prevention over time.