Danish Regulator Restricts Inpay from New iGaming Business Over Serious AML Violations
TL;DR — Finanstilsynet restricted Inpay A/S from new iGaming agreements after a March review found serious Money Laundering Act violations affecting the majority of its online gaming portfolio. Key issues include insufficient customer due diligence on high-risk, often non-EU clients. Inpay voluntarily halted new deals pending proof of improved AML controls.
SCCG Take — This enforcement highlights the low tolerance for AML gaps among payments providers to iGaming, particularly with complex cross-border clients. Operators and suppliers should anticipate tighter due diligence demands from EU regulators.
Danish payments provider Inpay A/S has been temporarily restricted from entering new business agreements with iGaming companies. The restriction follows a March review by Finanstilsynet, the Danish financial regulator, which identified “serious violations of the Money Laundering Act”.
Finanstilsynet barred the payments firm from such new deals until Inpay sufficiently proves the violations have been addressed. Inpay is licensed under the Danish Payments Act as an e-money institution that specialises in international cross-border payments as an alternative to traditional SWIFT wire transfers. Its customer base largely consists of corporate entities, financial institutions, crypto enterprises and online gaming companies.
Scope of Violations in iGaming Portfolio
During the March inspection, Finanstilsynet reported that Inpay could not provide enough evidence that the required level of customer due diligence had been met when monitoring transactions within the iGaming segment. Violations listed by the authority include failure to properly identify the purpose and intended nature of the flagged business relationships, and failure to conduct proper assessments of business customers classified as high risk for money laundering and terrorist financing.
“The Danish FSA assesses that the violations are serious, and the scope, type of customer, including the complexity of ownership structures and activities across many countries, are aggravating factors for how significant the violation is,” the authority added. Of significance, Finanstilsynet noted that the violations concern “the majority of the company’s portfolio”, referring to businesses within the online gaming industry.
“These customers operate within online gaming, which is an industry with an increased risk of money laundering, and the majority are located outside Denmark and often outside the EU.”
Path to Lifting the Restriction
Inpay has agreed to voluntarily cease the creation of new business customer relationships with online gaming firms until the necessary documentation proving improved AML controls is produced and presented to Finanstilsynet. According to reporting by SBC News, the regulator has made clear the restriction remains until Inpay demonstrates full remediation.
This action targets specific compliance gaps in a high-risk customer segment without halting Inpay’s existing operations.
Reporting: SBC News
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
When a regulated payments provider fails AML diligence on the majority of its iGaming book, regulators freeze growth — no exceptions.
We've worked with payment processors and operators across 545 partnerships in every regulated market, and this enforcement is a clear signal: European regulators will not tolerate weak AML controls on cross-border, non-EU gaming clients. If your payments stack touches high-risk jurisdictions, expect heightened scrutiny and partner audits. SCCG helps clients navigate these compliance minefields before they become enforcement actions.
- Finanstilsynet found serious Money Laundering Act violations affecting the majority of Inpay's iGaming portfolio
- Key failures: insufficient customer due diligence on high-risk, often non-EU gaming clients with complex ownership structures
- Inpay voluntarily halted new iGaming agreements until it proves improved AML controls to the regulator
SCCG angle: SCCG vets and connects operators with compliant, vetted payment solutions across regulated markets — we know which providers have robust AML frameworks and which don't. When a partner in our network faces regulatory heat, we help clients diversify their payments stack quickly, tapping relationships built over three decades to avoid operational disruption and compliance risk.
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