If an electronic money institution authorised in another Member State wishes to establish a branch in the State or wishes to engage an agent to provide payment services in the State, and the Bank has reasonable grounds to suspect that, in connection with the intended establishment of the branch or the engagement of the agent, as the case may be -
(a) money laundering or terrorist financing is taking place, has taken place or has been attempted, or
(b) the establishment of the branch or the engagement of the agent, as the case may be, could increase the risk of money laundering or terrorist financing,
it shall so inform the competent authorities of the electronic money institution's home Member State.