On 23rd April we are happy to be celebrating the issuing of the ISO 37001:2016 Certification to MUBADALA INVESTMENT COMPANY PJSC (Ethics & Compliance Office), a global investment company headquartered in Abu Dhabi, and in the lead up to this event we wanted to take the opportunity to show how the ISO 37001 Anti-Bribery Management System Certification has benefitted our clients by sharing their testimonials, and display how the Certification can help to demonstrate adequate procedures were taken against bribery and corruption within your company.
KOPGCL, an oil and gas exploration and production corporation in Pakistan, engaged the services of ABAC™ Center of Excellence to achieve the ISO 37001 Anti-Bribery Management System Certification. CEO, Raziuddin Razi, said that engaging in ISO 37001:2016 ABMS Certification helps the organisation provide “full confidence to its partners and shareholders” and has “opened avenues of investment for international and national companies because it enjoys a great rapport with the business community as a competent and truthful entity”. “KPOGCL’s journey to the London Stock Exchange via the Karachi Stock Exchange and AIM shall need milestones, such as ISO 37001. The investors and business partners can fully rely on our merit and excellence, and ISO 37001 shall certify these characteristics of ours”.
The ABAC™ Center of Excellence also helped to certify Apex Shipping. In a message to its stakeholders, Apex Shipping said the certification will allow the company to “implement our Anti-Bribery and Anti-Corruption program when working with third-party clients throughout the Middle East and also as third-party services from shipping industry”. This “gives Apex Shipping an official seal of approval in the way of business ethics”.
ISO 37001:2016 Certification
CEO of CRI Group™, Zafar Anjum, said “Bribery is a serious problem in every region and industry around the globe. To combat this critical issue, ISO 37001:2016 standards are recognised and practiced in more than 160 countries worldwide, and companies like Apex Shipping that practice them stand out among their competitors as having the highest level of ethics and integrity”.
The ISO 37001 standard is designed to help global organisations implement an anti-bribery management system. The standard specifies a series of measures required by the organisation to prevent, detect and address bribery, and provides guidance relative to that implementation. The ISO 37001 certification is designed to help companies establish, implement, maintain and enhance their internal anti-bribery and anti-corruption systems. The ABAC™ Center of Excellence’s auditors and analysts develop measures that integrate with exiting management processes and controls, and include:
- Adopting an anti-bribery policy
- Establishing buy-in and leadership from management
- Training personnel in charge of overseeing compliance
- Communicating the policy and program to all personnel and business associates
- Providing bribery and corruption risk assessments
- Conducting due diligence on projects, business associates, and other third-party affiliations
- Implementing financial and commercial controls
- Developing reporting and investigation procedures
Emirates International Accreditation Centre (EIAC) has accredited ABAC™ Center of Excellence’s certification services for administrating the ISO 37001:2016 Anti-Bribery Management System standard.
This accreditation empowers ABAC™ Center of Excellence to provide the highest level of audit services for multinational organisations seeking to bring their management systems into compliance with global standards (pursuant to the requirements of ISO) while conforming to the ever-evolving levels of standard dictated by multi-jurisdictions regions around the world.
About CRI Group™
Over the past three decades, CRI Group™ has emerged as a global leader in corporate investigations and risk management, serving distinguished clients across Europe, Asia Pacific, South Asia, the Middle East, North Africa, North and South America. CRI Group™ safeguards businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with an organisation.
Anti-Bribery and Anti-Corruption Center of Excellence was established as an independent division of CRI Group™ to provide training and certification services to businesses seeking to validate or expand their existing compliance frameworks by developing the latest in best-practice anti-corruption, due diligence processes and procedures necessary for pursing and maintaining global third-party affiliations.
