2. Where the consent referred to in point (c) of paragraph 1 is not feasible, credit institutions and financial institutions shall take additional measures as well as their standard anti-money laundering and countering the financing of terrorism measures, to manage the money laundering and terrorist financing.
Those additional measures shall include the additional measure set out in point (c) of Article 8 and one or more of the measures set out in points (a), (b), (d), (e) and (f) of that Article.
Where a credit institution or financial institution cannot effectively manage the money laundering and terrorist financing risk by applying the measures referred to in paragraphs 1 and 2, it shall:
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(a)
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ensure that the branch or majority-owned subsidiary terminates the business relationship;
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(b)
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ensure that the branch or majority-owned subsidiary not carry out the occasional transaction;
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(c)
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close down some or all of the operations provided by their branch and majority- owned subsidiary established in the third country.
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