Bank of Taiwan Secures Taiwan’s First ISO 37001:2025 Certification
ISO 37001 sets international requirements for systems designed to prevent, detect and address bribery through risk assessments, due diligence, financial and non-financial controls, training and continuous improvement. State-owned Bank of Taiwan became the country’s first financial institution certified under the 2016 standard on Sept. 8, 2023, giving its compliance framework broader significance as Taiwan’s banks face growing scrutiny over integrity, transparency and ESG governance.
The International Organization for Standardization published ISO 37001:2025, the standard’s second edition, in February 2025 to replace the 2016 version. Bank of Taiwan said on July 31, 2026, that it had completed certification under the updated framework, becoming Taiwan’s first financial institution to secure the latest version. The bank said the upgrade would strengthen oversight of bribery risks, unethical conduct and internal controls while reinforcing its sustainable-governance practices.
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The history behind this eventChina Steel Secures ISO 37001 Anti-Bribery Certification
ISO 37001 gives companies a structured framework to identify, assess and mitigate bribery risks through an anti-bribery management system. For China Steel Corp. (CSC), the certification turns its stated values of integrity and honesty into auditable governance controls. The designation strengthens the governance pillar of its ESG framework and is intended to reassure international customers, investment banks, suppliers and other stakeholders that compliance safeguards are embedded in daily operations.
CSC began implementing ISO 37001 in the fourth quarter of 2024, adding bribery-risk assessments, due diligence and control procedures across participating departments. The company passed a two-stage review by the British Standards Institution (BSI) in the fourth quarter of 2025. Chairman Chien-Chih Hwang received the certificate from BSI Northeast Asia Managing Director Joe Hsieh at CSC headquarters on Feb. 23, 2026. CSC cited research indicating bribery and corruption can raise business operating costs by about 10% and said it aims to extend the system across all plants and departments.
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