The Danish Financial Supervisory Authority (DFSA) has ordered payment provider Inpay A/S to stop the establishment of new business customer relationships within online gaming until the company confirms its “serious violations of the Money Laundering Act” have been rectified.
Several contraventions of the Act by Inpay were found by the DFSA following an investigation in March this year.
Inpay, licensed under the Danish Payments Act, facilitates cross-border payments for online gaming clients, among others.
The DFSA noted a “significant part of the company’s total transaction volume” comes from online gaming customers located outside Denmark and the EU.
According to the financial regulator, Inpay could not provide sufficient assurance of implementation of customer due diligence or transaction monitoring with business customers engaged with online gaming.
Inpay’s lack of adherence to customer due diligence procedures in the case of a customer’s change of circumstances was deemed by the DFSA to be a “serious violation” of the Money Laundering Act.
Another breach was the “failure to assess the purpose and intended nature of the business relationships” in regard to clients classified as “high risk” of money laundering and terrorist financing.
The DFSA considered the extent, type of customer and “complexity” of ownership structures and activities to be “aggravating factors for how significant the violation is”.
The regulator said: “The deficiencies in the company’s customer due diligence procedures and transaction monitoring entail a real and significant risk that the company supports illegal gaming activities and the provision of payment services without a permit, which entails a particularly high risk of money laundering and terrorist financing.
“Illegal gaming providers are not subject to the same requirements for the prevention of money laundering and terrorist financing or consumer protection as licensed providers, which further increases the risk.”
Inpay has informed the DFSA that it has voluntarily suspended the formation of new igaming business customer relationships. The financial regulator will permit the acceptance of new business again once the violations are rectified.
Founded in 2008, Inpay facilitates payments for “financial institutions, igaming operators, corporates, NGOs and others”, according to its website. It also claims to be Denmark’s current fastest-growing company.
The website displays 888 as a customer, while Inplay says it processes one million transactions a month across its client portfolio.
Inpay commented: “The order stems from the Danish FSA’s (Finanstilsynet) regular inspection in March 2026, which included, among other things, an assessment of Inpay’s control environment in the area of anti-money laundering.
“Inpay takes the FSA’s decision seriously. Already on 27 July 2026 – ahead of the FSA’s final decision – Inpay’s board decided on its own initiative to halt the establishment of new business customer relationships within online gaming, rather than wait for the decision.
“The halt applies only to new business customer relationships within online gaming; Inpay’s existing customers, including existing business customers within online gaming as well as all private customers, are not affected and will experience no changes.”
The post Denmark’s financial watchdog orders Inpay to halt new igaming deals first appeared on EGR Intel.
DFSA finds “deficiencies” in due diligence at Danish e-money company translate to a “particularly high risk of money laundering and terrorist financing”
The post Denmark’s financial watchdog orders Inpay to halt new igaming deals first appeared on EGR Intel.