14 March 2012
The UK Bribery Act 2010, which came into force in July 2011, introduced a new offence of 'failure of a commercial organisation to prevent bribery' – leading to a surge in interest in Standards that can act as a defence for companies at risk. In response to the new legislation, BS 10500:2011 Specification for an anti-bribery management system (ABMS) will help companies to verify both internally and to external stakeholders that they have robust anti-bribery practices in place and that they are being implemented adequately.
A management system is a proven framework to manage and continually improve an organisation's policies, procedures, and processes. The systematic approach that BS 10500 encourages will help organisations to identify risks earlier on and help make sure that anti-bribery practices are maintained and improved over time.
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