ISO publishes new standard 37001 – Anti-bribery management systems
On October 15, the International Organization for Standardization (ISO) published the new Standard 37001 Anti-bribery management systems. The ISO 37001 specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving anti-bribery management systems. Local and international businesses in Switzerland (and elsewhere) may benefit from implementing the new standard – in particular since bribery in the private sector is subject to stricter rules under Swiss criminal law since July 1, 2016 and can more easily lead to criminal prosecution. A cost-benefit analysis for a business needs to include a careful analysis of the existing anti-bribery measures.