New Release: ISO 37003:2025 – Guidance for Fraud Control Management Systems

As fraud becomes more sophisticated and increasingly difficult to detect, the need for a structured, proactive approach to fraud risk management has never been greater. The newly published ISO 37003:2025 – Fraud control management systems. Guidance for organizations managing the risk of fraud delivers a globally recognised framework for combatting fraud across all sectors.

Whether you are looking to plug existing vulnerabilities or prevent future risks, ISO 37003:2025 equips organisations with the tools, structure, and strategies needed to build a robust Fraud Control Management System (FCMS).

What Is ISO 37003:2025?

ISO 37003:2025 provides practical, comprehensive guidance to help organisations prevent, detect, and respond to fraud in a systematic and sustainable way. The standard recognises the wide-ranging nature of fraud — from internal misconduct to external attacks, and even fraud committed by third parties on behalf of the organisation.

It complements existing standards like ISO 37001 (Anti-bribery) and ISO 37301 (Compliance management) to enable a more integrated approach to ethical governance and risk mitigation.

Why You Should Adopt ISO 37003:2025 Today

✓ Detailed Guidance on Fraud Controls
It offers practical steps and best-practice guidance to address fraud throughout the organisation — from policy to response and monitoring.

✓ Covers All Types of Fraud
Addresses internal, external, collusive, and third-party fraud — including cases where fraud may be unknowingly committed on your behalf.

✓ Builds a Culture of Integrity
Promotes values-based leadership and helps embed a culture of transparency, accountability, and ethical behaviour.

✓ Strengthens Organisational Resilience
By integrating fraud risk into governance structures and risk management frameworks, it enhances long-term sustainability and stakeholder trust.

✓ Aligns with Anti-Bribery Standards
Designed to work seamlessly with ISO 37001, enabling organisations to manage both bribery and fraud risks in a coherent, unified system.

✓ Universal Relevance
Applicable across public, private, and not-for-profit sectors — from local authorities and charities to multinational corporations and government bodies.

For ITICP Professionals

For certification professionals, auditors, and compliance leaders, ISO 37003:2025 opens new opportunities to:

• Expand assessment and consultancy services into fraud risk management.

• Support clients with gap analysis, implementation, and assurance against this new benchmark.

• Strengthen your knowledge and offerings in the broader governance, risk, and compliance (GRC) domain.

• Stay ahead in a regulatory environment that increasingly demands accountability and resilience.

Final Thoughts

Fraud not only undermines financial performance — it erodes trust, damages reputations, and weakens cultures. With ISO 37003:2025, organisations now have access to a detailed, internationally aligned roadmap to build resilience and integrity into their operations.

At ITICP, we continue to support our members in leading the way in standards-driven assurance, governance, and professionalism.