The Danish Financial Supervisory Authority (Finanstilsynet) has placed an injunction on Danish fintech company Inpay due to what it labels as significant breaches of the Money Laundering Act. This decision, revealed on Monday, prevents Inpay from taking on new business customers in the online gaming sector until the company can demonstrate compliance with anti-money laundering regulations to the regulator.
Inpay A/S, headquartered in Copenhagen, specializes in payment solutions for various industries, including online gaming. The firm promotes its capacity to facilitate low-cost, real-time cross-border transactions around the clock, catering to both fiat and cryptocurrency needs.
This regulatory action follows a money laundering compliance review conducted by Finanstilsynet in March 2026. The authority identified critical shortcomings in how Inpay carries out customer due diligence, especially when customer circumstances change. There was also noted inadequate assessment regarding the purpose and risks associated with business relationships formed with iGaming clients, deemed to be at high risk for money laundering or terrorist financing. Additionally, Finanstilsynet found that Inpay did not effectively monitor outgoing transactions involving its iGaming clientele.
Inpay responded to the injection with seriousness, acknowledging the findings stemming from the March 2026 inspection, which assessed its anti-money laundering controls. The company proactively decided on July 27 to pause the onboarding of new customers in the online gaming sector before the regulator’s ruling, stating that this was a preventive measure taken by their board.
The company made it clear that the business relationships with existing customers—both in online gaming and other areas—remain intact and unchanged, emphasizing that the injunction solely impacts new clients in the iGaming space.
Finanstilsynet detailed that the detected deficiencies affect a significant part of Inpay’s customer base, which contributes notably to its transaction volumes and primarily involves clients from outside Denmark and the European Union. The regulator warned that these lapses in customer due diligence and transaction monitoring represent a genuine risk for facilitating illegal gaming activities and unpermitted payment services, aligning with the heightened threats of money laundering and terrorist financing.
Consequently, Inpay has been instructed to cease new customer relationships in the online gaming sector until it can substantiate that it has remedied the serious violations as per Sections 10(1)(1) and 11(1)(4) and (5) of the Money Laundering Act.
Inpay is regulated under the Danish Payments Act and has been operational since 2008, with offices located in both Copenhagen and London. It was recognized in 2022 as the fastest-growing company in Denmark according to the Financial Times’ FT 1000 rankings.
