Upholding the highest standards of integrity and ethical behavior is one of the most significant considerations for the businesses of today. Businesses by acquiring ISO 37001 certification, are in a position to affirm, an open commitment to anti-bribery behavior. This international standard offers a systematic method for preventing, detecting, and responding to bribery risks, and assisting businesses to protect their reputation and build stakeholder confidence.
ISO 37001 Certification in brief…
ISO 37001 is an international Anti-Bribery Management Systems (ABMS) standard, published by the International Organization for Standardization (ISO), which offers a framework for organizations to establish, implement, and maintain effective anti-bribery policies.
Key features of ISO 37001
Risk Assessment & Due Diligence, by identifying and assessing bribery risks in business operations.
Offers clear Anti-Bribery Policies & guidelines for preventing bribery.
Whistleblowing Mechanism to offer safe avenues for reporting unethical behavior.
Why is ISO 37001 Certification important to AFRAS?
Saudi Arabia has been seriously attempting to enhance its regulatory environment to fight corruption and bribery. The Saudi Vision 2030 initiative emphasizes transparency and corporate governance, and hence ISO 37001 certification is especially relevant to companies such as AFRAS.
Established in 1976, AFRAS has developed into a leading service provider in Saudi Arabia, offering a wide range of services in construction, operation and maintenance, housekeeping, cleaning, security, hospitality, and more. With a strong presence in major cities like Riyadh, Jeddah, Dammam, Taif, and Makkah, AFRAS has built a reputation for excellence and dependability in serving the public and private sectors.
Following are some of the most important reasons for the importance of ISO 37001 to AFRAS:
Ensuring Compliance with the Law Saudi Arabia has strict anti-bribery legislation, such as the Saudi Anti-Bribery Law, as well as compliance requirements stipulated by the National Anti-Corruption Commission (Nazaha). To comply with these laws, ISO 37001 certification will be a key for the companies.
ISO 37001 provides AFRAS with a structured framework to prevent bribery and corruption by improving internal controls, reducing risks, and ensuring accountability.
Steps to achieve ISO 37001…
To achieve ISO 37001 certification, there must be a systematic process of adhering to anti-bribery standards in totality, and that involves a series of steps:
Conducting bribery risk assessment, by examining business operations, third-party transactions, and internal processes to evaluate vulnerabilities.
If there is any risk, the subsequent step is to implement a strong Anti-Bribery Management System (ABMS), where, clear policies can clearly define the company’s anti-bribery and anti-corruption policy.
Another subsequent step is to conduct regular assessments, internal audits, and reviews, to check if the current procedures and policies are being followed properly.
A final step is, appointing an accredited body for the implementation process to fulfill all the regulatory requirements.
ISO 37001 certification is a strong tool for AFRAS to prove its commitment to ethical business practices and adherence to anti-bribery legislation. As the business environment changes, companies committed to integrity and compliance will prosper. By seeking ISO 37001 certification, AFRAS establishes itself as a reliable and responsible trading company, ensuring long-term success.
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