Denmark's financial regulator, the Danish Financial Supervisory Authority (Finanstilsynet), has issued an injunction to the fintech company Inpay, citing serious breaches of the Money Laundering Act. This measure, revealed on Monday, restricts Inpay from acquiring new business customers in the online gaming sector until they can prove to Finanstilsynet that they have addressed these violations.
Based in Copenhagen, Inpay A/S specializes in payment services for the online gaming industry as well as other sectors, offering cost-effective, real-time cross-border payments that operate around the clock. Their services include transactions in both fiat and cryptocurrency.
The decision from Finanstilsynet follows an inspection conducted in March 2026, which uncovered a range of compliance issues. Specifically, the regulator identified failures in implementing customer due diligence protocols when changes occur in customer circumstances, as well as inadequacies in evaluating the purpose and planned nature of high-risk business relationships with iGaming clients. Additionally, Finanstilsynet criticized Inpay for insufficient outgoing monitoring of its iGaming customers.
Inpay acknowledged the severity of the situation in a statement to iGB. They stated that the FSA’s injunction stemmed from the routine inspection that took place in March 2026, focusing on Inpay's anti-money laundering control procedures.
In response to the findings, Inpay had proactively decided to suspend onboarding new iGaming customers as of July 27, emphasizing that this step was taken independently of the regulator's order. The firm reassured users that current business relationships, spanning online gaming and other areas, would remain unaffected, indicating that the restriction applies solely to new iGaming customers.
Finanstilsynet's report indicated that the compliance breaches were prevalent across a significant portion of Inpay's customer base, which consists largely of non-Danish and non-EU transactions. The regulator expressed concern that deficiencies in customer due diligence and transaction monitoring posed a substantial risk of facilitating illegal gaming operations and unauthorized payment services.
As mandated by Finanstilsynet, Inpay must cease establishing new business relationships within online gaming until they can document compliance with the Money Laundering Act, specifically Sections 10(1)(1) and 11(1)(4) and (5).
Founded in 2008, Inpay operates under Denmark’s Danish Payments Act and maintains offices in Copenhagen and London. In 2022, the company earned recognition as Denmark's fastest-growing company according to the Financial Times’ FT 1000 business ranking.
