JB recognized by BSI for anti-bribery management

JB Financial Group Chairman Kim Ki-hong, left, receives ISO 37001 certification from BSI Korea lead auditor Song Kyung-soo at the JB Building in Seoul, Friday. / Courtesy of JB Financial Group

By Park Jae-hyuk

JB Financial Group has become the nation's first financial group to obtain ISO 37001 certification from the British Standards Institution (BSI), the company said Monday.

ISO 37001 is an anti-bribery management system that identifies a management standard to help organizations in the fight against corruption.

BSI, the U.K. national standards body founded in 1901, published the BS 10500 anti-bribery management system in 2011, which was replaced by ISO 37001 in 2016.

JB said it has prevented bribery with its anti-corruption manager and internal auditing, since it enhanced compliance management and adopted the anti-bribery management system in 2018.

The financial group vowed to train its employees regularly and continue monitoring, so that its anti-bribery management system takes root.

“Ethical management is the key for sustainable growth of a financial company,” JB Financial Group Chairman Kim Ki-hong said. “As we have obtained the anti-bribery management certification, we will create a more ethical and transparent corporate culture.”