Denmark's financial regulator, the Danish Financial Supervisory Authority (Finanstilsynet), has imposed an injunction on the fintech company Inpay, citing what it describes as serious breaches of the Money Laundering Act. This injunction, made public on Monday, prohibits Inpay from acquiring new clients within the online gaming industry until it can demonstrate to Finanstilsynet that it has rectified the cited violations.
Headquartered in Copenhagen, Inpay A/S provides payment solutions primarily for the online gaming sector but also serves various other industries. The firm claims to facilitate low-cost, real-time, 24/7 cross-border payments, catering to both fiat and cryptocurrency transactions for businesses and financial institutions.
The regulator's action follows a money laundering inspection conducted in March 2026, which revealed significant shortcomings in Inpay’s customer due diligence processes. Specifically, the regulator indicated that Inpay failed to update its customer assessments in response to changes in circumstances, neglected to evaluate the objectives and intended nature of high-risk business relationships, and did not perform adequate outgoing monitoring of its iGaming clientele.
Inpay responded to the injunction with a statement emphasizing its commitment to the authority's findings. "The order stems from the Danish FSA's regular inspection in March 2026, which evaluated Inpay's anti-money laundering controls," the company noted.
Prior to the announcement, Inpay had proactively decided to suspend onboarding new iGaming clients on July 27. They clarified that this was a voluntary decision made by the board as a precaution, independent of the regulator's ruling. The company assured that existing customers in online gaming or other sectors will not face any changes during this period.
Finanstilsynet elaborated on the violations, stating that the issues raised affected the majority of Inpay’s customer portfolio, which considerably impacts the total transaction volume and includes many clients from outside Denmark and the EU. The regulator warned that the inadequacies in Inpay’s customer due diligence and transaction oversight pose a tangible risk of supporting illegal gambling operations and of providing payment services without the necessary permissions, thereby heightening the risk of money laundering and terrorist financing.
Inpay operates under Denmark's Danish Payments Act and has been in business since 2008, with offices in both Copenhagen and London. Inpay was recognized as the fastest-growing company in Denmark in 2022 according to the Financial Times' FT 1000 business ranking.
