LIFElabs.io® Seeks to be the First Cryptocurrency Company to Adopt ISO 37001 Anti-Bribery/Anti-Corruption Standards

LIFElabs.io® Seeks to be the First Cryptocurrency Company to Adopt ISO 37001 Anti-Bribery/Anti-Corruption Standards

London, United Kingdom – Tuesday 2nd April 2019

LIFElabs.io® CEO, Sanjay Jadhav announced today, that “LIFElabs.io will be seeking certification of compliance under the ISO 37001 – Anti-bribery management systems standards.  LIFElabs.io is committed to improving the world for all, and ISO 37001 standards are aligned with our vision and committed values. We aim to be the first digital currency company to comply with ISO 37001.”

“Bribery is one of the world’s most destructive and challenging issues. With over US $1 trillion paid in bribes each year*, the consequences are catastrophic, reducing quality of life, increasing poverty and eroding public trust. Yet despite efforts on national and international levels to tackle bribery, it remains a significant issue. Recognizing this, ISO has developed a new standard to help organizations fight bribery and promote an ethical business culture.”**

One of the benefits of cryptocurrency in fighting corruption and improving financial ethics, is the immutability and transparency available to the public with blockchain technology (the platform on which LIFElabs.io’s digital currency, LIFEtoken® is based).  Blockchain transactions like those conducted with LIFEtoken® include details about each transaction that are permanent and cannot be deleted or changed. The same cannot be said of ‘cash’ “…money laundering schemes detected by law enforcement are still largely characterised by traditional techniques, in particular the use of cash.***”

David Pugh-Jones, CMO of LIFElabs.io outlined why this was so important to the ongoing strategic plans the company has been working on over the past 2 years. “The ISO 37001 standards are without doubt, an intrinsic part of the company’s code of conduct, specifically in building a transparent and open source technology-based experience with consumers, partners and businesses, ensuring long-term trust and continued adoption.”

sources:

* http://www.oecd.org/cleangovbiz/49693613.pdf

** https://www.iso.org/iso-37001-anti-bribery-management.html

** https://www.europol.europa.eu/publications-documents/why-cash-still-king-strategic-report-use-of-cash-criminal-groups-facilitator-for-money-laundering/

ENDS

Contacts

LIFElabs.io

For more information please visit: https://www.lifelabs.io/ or https://www.lifelabs.io/lifewallet/

For media enquiries, please contact [email protected]

For general enquiries, please contact: [email protected]

Telephone: +44 203 930 9883

About LIFElabs.io:

LIFE® – ‘Simply for Everyone’ – https://www.lifelabs.io/

Follow on Twitter, Facebook and Instagram: @LIFElabsHQ

With a unique vision to make a positive impact to humankind across the globe, supporting community projects, humanitarian charities, improving well-being, sustainability, health, education and welfare. LIFElabs® a FinTech company has ring-fenced 30% of its Ethereum blockchain based, digital currency, LIFEtoken® to support global philanthropic causes around the world. They identify and support charities making a real difference by funding innovative and pioneering projects each and every year, aligning with their long-term mission and mantra.
LIFElabs.io® is the research and development hub responsible for LIFEtoken®, LIFEwallet®, LIFEcard® and LIFEPaaS® – 4 distinct yet intrinsically linked products. With the objective to bring digital currency and blockchain technology to the masses.

LIFEtoken® – is digital cash, like the money in your online bank account. A tokenised reward system for businesses, charities, communities and innovation projects. It can be bought, sold and traded like shares, or used simply to purchase items from a growing number of partner retailers.
LIFEwallet® – a digital wallet for storing and sending LIFE, ETH, BTC and other ERC20 compliant tokens. Designed with simplicity, trust and security in mind, ensuring funds are accessible and secure.
LIFEcard® – a soon to be released pre-paid debit card with a difference. It will enable card-based payments for goods and services using LIFE and other digital currencies (including Ethereum and Bitcoin).
LIFEPaaS® – a ‘Platform as a Service’ for both the philanthropic and business sector, supporting the utility and long-term benefits of blockchain technology to further their respective causes.

Picture source: Freddie Collins on Unsplash @visuals_by_fred

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