There is likely to be a cost to an organization of implementing an ISO 37001 compliant ABMS. The organization needs to put sufficient resources into the design and implementation of the programme so that it works effectively. Some organizations will already have implemented anti-bribery
programme which is compliant with international good practice, and in this case may not need to incur any additional expenditure. Other organizations may need only to implement some limited enhancements. At the other end of the spectrum, some organizations may have no controls, and may
Therefore need to incur the time and expense to put an effective control environment in place.
The actual cost will depend on many factors such as the size of the organization, the complexity of its
Structure and operations, where it does business, the number of interactions it has with other organizations etc. If the organization chooses to get its programme independently certified, then there will also be the cost of certification. ISO 37001 is an Anti-bribery Management system standard currently under development by the International Organization for Standardization. The purpose of developing this standard is to establish, implement, maintain and enhance an anti-bribery program that prevents, detects and addresses bribery risks in an organization or institution. An Anti-bribery Management System program is suitable to be implemented in any organization. Since ISO 37001 addresses to bribery in the private or public sector, bribery by the organization, within the organization, and by the personnel, it is reasonable to think that the standard is applicable to all types and sizes of the organizations. Moreover, ISO 37001 is designed to help organizations comply with anti-bribery laws. This cost is also likely to vary according to the size and structure of the organization (which is the same as with e.g. ISO 9001). The cost of implementing the anti-bribery programme and (if applicable) obtaining certification is unlikely to be a competitive disadvantage. Where certification to ISO 37001 is not a tender requirement, organizations may find it a competitive advantage to be certified, as they will be able to show the procuring entity that they have an ABMS in place which may gain them an advantage in the procurement evaluation. The cost of implementing the anti-bribery programme and obtaining certification is also likely to be minimal when compared to the loss and damage which could be suffered by an organization which gets involved in bribery. Having such a system can help prevent this loss and damage, and therefore save money.
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