The International Organization for Standardization recently
issued a new regulation setting forth the ISO 37001 standard for
anti-bribery management systems.
ISO 37001, published on October 14, 2016, specifies the
requirements and provides guidelines for establishing,
implementing, maintaining, reviewing and improving an anti-bribery
management system. Under ISO 37001, the system can be either
stand-alone or can be integrated into an overall management
system.
"The overall intent is that the organization makes
reasonable and proportionate enquiries about the business
associate, taking into account the activities that the business
associate would undertake and the bribery risk inherent in these
activities, so as to form a reasonable judgment on the level of
bribery risk which the organization is exposed to if it works with
the business associate". [source: ISO/DIS 37001,
Draft International Standard, Ant bribery
management systems, page 36, section A10.9]
