Iran Banking Institute Quarterly Studies in Banking Management and Islamic Banking 2588-3569 6 15 2021 02 19 Challenges of providing banking services to the incapacitated with emphasis on the risk of money laundering Challenges of providing banking services to the incapacitated with emphasis on the risk of money laundering 148524 10.22034/jifb.2022.288578.1273 FA Sedigheh Hejini Nejad No33. mansoty St. ShararaSt. 0000-0003-1993-5116 Journal Article 2021 05 30 Despite the fact that the guardian and the custodian of the incapacitated are allowed to carry out financial operations in his name and for him but the sensitivity of banking services on one hand and the need for money launderers to use another identity and the risks of rental accounts on the other hand Provides regulations to limit the provision of banking services to incapacitated, both domestic and foreign nationals. Restrictions on the payment of banking services to incapacitated, as well as the type of accounts they can open and the appropriate age for withdrawal from the account and the amount allowed for money transfers, are among the issues that differ in different countries. the types of banking operations that can be offered to incapacitated in terms of the possibility of money laundering are analyzed by mentioning its risks and the type of banking services they can receive is determined by comparing the Anti-Money Laundering Law and its executive regulations as well as US regulations Despite the fact that the guardian and the custodian of the incapacitated are allowed to carry out financial operations in his name and for him but the sensitivity of banking services on one hand and the need for money launderers to use another identity and the risks of rental accounts on the other hand Provides regulations to limit the provision of banking services to incapacitated, both domestic and foreign nationals. Restrictions on the payment of banking services to incapacitated, as well as the type of accounts they can open and the appropriate age for withdrawal from the account and the amount allowed for money transfers, are among the issues that differ in different countries. the types of banking operations that can be offered to incapacitated in terms of the possibility of money laundering are analyzed by mentioning its risks and the type of banking services they can receive is determined by comparing the Anti-Money Laundering Law and its executive regulations as well as US regulations