Systems and methods for evaluating financial transaction risk

A method of determining a Transaction Risk Index for financial transaction representatives, the method comprising:

• receiving information generated by a money transfer system regarding a plurality of financial transactions conducted by one or more representatives, wherein the information includes risk element data;
• electronically storing records of the financial transaction information in a transaction database;
• and
• configuring a risk processor to:
• access the transaction database;
• retrieve risk element data related to transactions conducted by one or more representatives;
• process the risk element data into a plurality of risk element values for each representative;
• store the risk element values in a risk element value database;
• retrieve each risk element value from the risk element value database and compare the risk element value to an appropriate risk proxy to calculate a corresponding risk score for each risk element value;
• and
• add together the risk scores calculated from each representative's risk element values to obtain a Transaction Risk Index for each representative.