The Danish Financial Supervisory Authority (Finanstilsynet) has imposed an injunction on the Copenhagen-based fintech firm Inpay due to what it characterizes as serious breaches of the Money Laundering Act. This injunction, which was announced by the regulator on Monday, prohibits Inpay from onboarding any new business customers in the online gaming segment until it can demonstrate compliance with the law.
Inpay A/S specializes in payment services tailored for the online gaming industry and various other sectors. The firm promotes its ability to provide low-cost, real-time, 24/7 cross-border payment solutions for businesses and financial institutions, accommodating both fiat and cryptocurrency transactions.
The directive from Finanstilsynet follows a money laundering inspection conducted in March 2026, highlighting significant gaps in Inpay's customer due diligence processes. The regulator noted failures in assessing changes in customers' circumstances, as well as inadequate evaluation of the nature and intended purposes of business relationships with high-risk iGaming clients. Furthermore, the regulator indicated that Inpay lacked sufficient outgoing monitoring of its gaming customers.
In a statement, Inpay expressed its serious regard for the Danish FSA’s ruling, clarifying that the order arose from the regular inspection which assessed Inpay's anti-money laundering control environment. The company revealed that it proactively decided to halt the onboarding of new customers in the online gaming industry effective July 27. According to Inpay, this decision was made independently of the regulatory action, reflecting a commitment to compliance.
Inpay reassured that its existing business relationships, both within the online gaming sector and beyond, remain unchanged during this temporary suspension, which affects only new customer acquisitions in the gaming sector.
Finanstilsynet emphasized that the identified deficiencies affect a large part of Inpay's customer portfolio, associated with a considerable volume of transactional activity, primarily from outside Denmark and the EU. The regulator expressed concern that these lapses pose a significant risk of enabling illegal gaming and unauthorized payment services, which could facilitate money laundering and terrorist financing activities.
The order from Finanstilsynet explicitly mandates that Inpay must cease the establishment of new customer relationships within online gaming until it can prove to the authority that it has adequately addressed the violations outlined in the Money Laundering Act.
Inpay has operated under Denmark’s Danish Payments Act since its founding in 2008 and has offices in both Copenhagen and London. Notably, in 2022, the Financial Times recognized Inpay as the fastest-growing company in Denmark according to its FT 1000 business ranking.
