The Importance of Applying ISO 37001 Anti Bribery Management System in KFTD

There has often been news regarding several State-Owned Enterprises (BUMN—Badan Usaha Milik Negara) stating that they have received ISO 37001:2016 Anti-Bribery Management System Certification. This system is also known as the Anti-Bribery Management System (SMAP).

KFTD (Kimia Farma Trading and Distribution) has taken a proactive step in strengthening its integrity and obedience to the law. This is proven by its approach to applying the ISO 37001:2016 Anti-Bribery Management System in its company.

This decision shows the company’s commitment to upholding the highest standard in preventing corruption. KFTD also works to prevent bribery. This approach benefits the company and the entire business ecosystem.

How Important is The Application of ISO 37001:2016 SMAP in KFTD?

These are the benefits of applying ISO 37001:2016 Anti-Bribery Management in KFTD:

• To prevent corruption more effectively.

ISO:37001 provides a comprehensive framework for preventing, detecting, and responding to any acts of bribery. KFTD can build an effective system to identify and address potential risks for corruption in all aspects of their company’s business process .

• To improve reputation and gain public trust.

The existence of an independently verified anti-bribery management system will demonstrate to clients, business partners, and the public that KFTD is committed to operating with high ethics and maximum transparency. This certification can attract the attention of investors and clients who prioritize integrity and compliance.

• To reduce financial loss.

Corruption can have a detrimental financial impact on a company through legal fines and reputation loss. By implementing ISO 37001, KFTD can reduce these risks by more efficiently identifying, evaluating, and managing bribery risks.

• To show the company’s obedience to the law.

Implementing ISO:37001 helps KFTD ensure compliance with all regulations and laws relating to preventing corruption. This system can also avoid legal sanctions, fines, and a negative reputation that can arise due to legal violations.

• To build a more positive and ethical organizational culture.

Implementing ISO:37001 is about more than complying with certain standards. It is also about building a more positive and ethical organizational culture.

In conclusion, KFTD’s adoption of the ISO:37001:2016 Anti-Bribery Management System showcases its unwavering dedication to integrity and legal compliance.