What It Is

ISO 37001:2025 Anti-Bribery Management Systems is a certifiable international standard providing requirements and guidance for establishing, implementing, and improving an Anti-Bribery Management System (ABMS). Its primary purpose is to help organizations prevent, detect, and respond to bribery risks proportionately, using a risk-based PDCA (Plan-Do-Check-Act) approach across public, private, and not-for-profit sectors.

Key Components

• Clauses 4–10 covering context, leadership, planning, support, operations, evaluation, and improvement.
• Core controls: anti-bribery policy, risk assessments, third-party due diligence, financial/non-financial controls, training, reporting, and audits.
• Built on ISO Harmonized Structure for integration with standards like ISO 9001.
• Optional third-party certification with annual surveillance audits.

Why Organizations Use It

• Mitigates legal risks (e.g., FCPA, UK Bribery Act) via evidentiary "reasonable steps".
• Enhances reputation, stakeholder trust, and ESG alignment.
• Delivers 15% compliance cost reductions and cultural shifts.
• Provides competitive edge in tenders and partnerships.

Implementation Overview

Phased approach: gap analysis, risk assessment, control design, training, monitoring, certification. Applicable to all sizes/sectors; scalable and integrable.

What It Is

APRA Prudential Standard CPS 234 (Information Security) is a binding Australian regulation for APRA-regulated financial institutions. Effective from 1 July 2019, it requires maintaining an information security capability commensurate with threats and vulnerabilities to minimize impacts on confidentiality, integrity, and availability (CIA) of information assets, including those managed by third parties. It adopts a risk-based, assurance-driven approach emphasizing governance and resilience.

Key Components

• Board ultimate responsibility (para 13) and defined roles
• Asset classification by criticality and sensitivity (para 20)
• Commensurate lifecycle controls, systematic testing, internal audit (paras 21-34)
• Incident detection/response plans with annual testing (paras 23-26)
• APRA notifications: 72 hours for material incidents, 10 business days for weaknesses (paras 35-36) No fixed controls; ~24 core requirements.

Why Organizations Use It

Mandatory for banks, insurers, super funds to avoid penalties, ensure operational resilience, manage third-party risks, and meet prudential obligations. Builds trust, reduces incident impacts, enhances competitiveness.

Implementation Overview

Phased: gap analysis, policy framework, asset inventory/classification, controls/testing, monitoring. Applies Australia-wide to regulated entities of all sizes; requires independent assurance, no certification but APRA supervision. Typically 12-18 months.