Fighting corruption with ISO 37001
By Eva Levin According to Transparency International, 68% of countries worldwide have a serious corruption problem, and not one single country in the world is completely corruption-free. The most commonly reported business ethics issues are bribery, fraud and money laundering. These are applied to various business sectors. Nonetheless, unethical practices harm businesses as it reduces credibility and profits when professionals misuse their positions for personal gain. One of the most anticipated standards in recent years was recently launched; it is the ISO 37001 and it stands for an anti-bribery management system which helps companies prevent bribery in their operations and practices, as well as in activities of business partners. The Standard defines bribery as “offering, promising, donating, accepting or soliciting an undue advantage of any value (which may be financial or non-financial), directly or indirectly, independent of location(s), in violation of applicable law...