ISO 37001 Malaysia is a system designed to help businesses detect, prevent, and respond to corruption/bribery cases. The general standards include regulations, compliance with laws, and other fundamental business commitments. Bribery is one of the significant risks faced by companies in different sectors and business nature. Failing to detect and act in all corruption cases in the business can lead to a severe loss in customer’s confidence and another economic backlash.
Why do you Need ISO 37001 System?
The certification includes guidance and requirements aiming at implementing, establishing, improving, and maintaining a proper functioning Anti-bribery system. This is a universal standard applied to the business of different sectors to act according to the law and the country’s regulation.
Benefits of ISO 37001
With a functioning system, the business can detect any cases of bribery before it brings in serious risk that can lead to closure. Also, it works in ensuring that your company complies with the federal laws and regulations on company operations.