Day: March 3, 2020

No more of that bribery mumbo jumbo

When business take place they will try to gain the maximum out of it, push up their positions, make more sales, and so on. And these can be done ethically and legally, but most of the time it won’t fall into that category. People will bribe others in order to get what they want, but not anymore. With the iso 37001 all of this can be caught?

What is this?

            Many business face corruption through bribes within the business, not only will this look bad for the business, but it is also illegal too. With this new system will detect any bribes taking place, and will implement measures to prevent it. This system provides guidance to the companies to comply with the anti-bribery practices. Not only that but certain requirements will also be set as well.

The benefits of it?

            An organization that uses iso 3700 can benefit in a few methods, one is through improved competiveness. It allows the business to gain an upper hand, and use that against other businesses. It would also enhance the credibility, and show that the organization is capable of handling such issues, and proves that they can control the business. This will improve the image of the business.

The disadvantages?

            Even though it may seem beneficial there are some cons to it, first of all it being a system, it could be manipulated through the proper technology. Plus it was created in 2016, which means that the technology being used is outdated. This could result in inaccurate detections.