The same percentage of respondents also said that investigators spend a lot of time on manual activities. 56% of the respondents said that analysts spend at least 30% of their time per month on time consuming, ‘human touch’ processes.
The survey called 2016 Financial Crime & Compliance Risk Management also noted that 30% of respondents are currently not applying analytics to financial crime and compliance investigative data.
Other survey findings addressed risk management operational inefficiencies, with more than 40% of the respondents citing the quantity and complexity of in-house systems as their greatest challenge when it comes to completing an investigation.
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