The New ISO Anti-Bribery Standard

Ensuring compliance with the Foreign Corrupt Practices Act and similar laws from foreign jurisdictions (e.g. the UK’s Bribery Act) is not just a matter of doing right. It’s a line item, and one that can be especially daunting for small and medium-sized companies. The authors make the case that the new standard laid out in ISO 37001, the recently published anti-bribery management systems standard from the International Organization for Standardization, “equips small and middle-market companies with a flexible, risk-based framework so they can fill in some of the gaps and better mitigate the risk of bribery without breaking the bank.”