{"id":5388,"date":"2019-11-26T13:27:12","slug":"fraud-week-abms-a-life-insurance-for-your-corporations","title":{"rendered":"Fraud Week: ABMS , a \u2018life insurance\u2019 for your corporations"},"content":{"rendered":"

\"\"Fraud can take many forms, one of them being bribery. Where about USD 1 trillion of bribes are paid annually worldwide according to the World Bank. Bribery generates negative economic, moral and social impacts. In a corporation, bribery increases operational costs and has the greatest potential to degrade the company\u2019s performance, it may even lead to bankruptcy.<\/p>\n

For the victims affected by fraud, the Association of Certified Fraud Examiners (ACFE) has marked November 17th-23rd as International Fraud Awareness Week or Fraud Week. It is a week-long campaign established in 2000 to encourage organizations to take steps to minimize the impact of fraud by promoting anti-fraud awareness and education.<\/p>\n

We would like to take #FraudWeek as an opportunity to share with you some insights about the importance and benefits of implementing Anti-Bribery Management System (ABMS) in your corporations.<\/p>\n

In Indonesia, several sectors – especially vital ones such as oil, gas, health, etc – have requirements for ISO 37001: 2016 ABMS as a company liability standard, immediately after the issuance of the Presidential Instruction of the Republic of Indonesia No. 10 of 2016 on the prevention and eradication of corruption.<\/p>\n

For corporations, the standard is like a \u2018life insurance\u2019 that protects its assets. Based on PERMA No. 13 Year 2016, the absence of ABMS can be considered as an act of negligence. Therefore, a corporation can be suspected of conducting crime if it stumbles upon criminal cases while no ABMS is being implemented as a liability standard.<\/p>\n

But, what are the benefits of ISO 371001 ABMS certification for corporations?<\/p>\n