Anti Bribery Management System(ABMS) is a set of measures that reaffirms the commitment of organizations to curb down all elements of corruption and bribery. These are internationally recognized standards that many countries are implementing so they can prevent all those activities that bring reputational and financial losses to the nation.
The world has seen a colossal amount of scandals, cases of money laundering, and other forms of corruption. At the root of all such unlawful activities is bribery that stems out from organizations. The ABMS standards make it binding on the top tier management of the organizations to have a set system in place to discourage all forms of bribery. Along with this, the ABMS provisions have put all responsibility of anti-bribery measures on the organization’s top executives. In case of any corruption, they will have to face the legal implications.