The Implementation of ABMS Pakistan
The standards for Anti-Bribery Management System(ABMS) in Pakistan is the continuation of such policies all over the world. The reason to implement these provisions is to curb down bribery and corruption. As one of those countries who’ve had its fair share of mega-corruption and bribery scandals, the government cannot afford further issues. Thus the ABMS implementation makes it binding for all public and private offices and businesses to learn the ways and ensure practices that discourage, penalize, and control any elements of fraud and bribery.
Understanding the ABMS Standard
The ABMS standard came from the International Organization for Standardization(ISO) through the ISO 37001 provisions and came into full effect in 2016. The whole idea about the ABMS system is to enable organizations to implement policies for curbing corruption and bribery within the organizations. The ISO standards and its implementation are of significant importance as most of the world developed countries keep track of ABMS implementation in other regions. The countries with poor ABMS controls will find it hard to attract direct foreign investments or build strong trading relations with other countries.
The ABMS Policy In Pakistan
The country requires organizations to learn and implement ISO standards. In these regards, there are courses and classroom training that will help companies to learn about the purpose of ISO standards of ABMS. All organizations must ensure their top-management and supervisors take courses and understand the basic framework and operation of the ABMS Pakistan. It is also a mandatory training that follows a ‘Certificate of Attendance’ and completion of courses credentials.
With Pakistan looking to stabilize its economic condition, they need the support and investment of the International community. Most of these countries view ABMS standards and their implementation as a benchmark for making a financial decision. While Pakistan has placed the ABMS standards, there is still a lot of work required as the elements of corruption and bribery exist in most organizations. There are policies of audits, corporate investigations and whistleblowing to identify all the corrupt factors in an organization. Pakistan hopes to improve its ranking and bring in new investors so that the country can stabilize its economy.
With the importance of ABMS Pakistan, it is required by the senior management in organizations to have periodic training sessions on the ISO provision, so all the staff acquires the required knowledge to identify, stop, or report any form of transactions and deals that comes from bribery and corruption.