As the title suggests, this standard sets out the requirements for the establishment, implementation, operation, maintenance, and continual improvement of an anti-bribery management system (ABMS).
[3] An anti-bribery management system intends to help organizations in the fight against bribery, by establishing the procedures, policies and controls that help foster a culture of integrity, transparency and compliance.
Furthermore, ISO 37001 does not specifically address fraud, cartels, money-laundering, or other activities related to corrupt practices.
The standard was developed by ISO technical committee ISO/TC 309, chaired by lawyer Neill Stansbury, and published for the first time on October 15, 2016.
Therefore, the actual meaning and relevance of ISO 37001 certification is dependent largely upon the thoroughness of the certifying body.