Denmark Stops Inpay From Taking New iGaming Clients

Danish payment provider Inpay can no longer sign new agreements with online gambling companies after the country’s financial regulator found serious anti-money laundering failures. The restriction will remain until the company proves its controls have improved.

The decision was issued by Denmark’s Financial Supervisory Authority, Finanstilsynet, following an inspection of Inpay’s procedures earlier this year. The regulator did not suspend Inpay’s payment licence. The measure only affects new business relationships with companies from the online gaming sector.

Regulator Raises Concerns Over Customer Checks

Finanstilsynet said Inpay could not demonstrate that it had completed sufficient customer due diligence for parts of its iGaming portfolio. The authority identified several issues during the review. These included weak assessments of high-risk business customers and a lack of detailed information about the purpose of some client relationships.

According to the regulator, many of the affected customers operate internationally. Some have ownership structures spread across several countries, which increases the difficulty of monitoring financial activity.

Finanstilsynet highlighted that online gambling companies require additional attention because the sector carries a higher risk of money laundering. The authority said the problems involved a large share of Inpay’s gambling-related customers rather than isolated cases.

Inpay Agrees to Pause New Gambling Deals

Inpay operates as an electronic money institution under Danish law. The company provides cross-border payment services for businesses, including financial firms, crypto companies and online gambling operators.

After the regulator’s findings, Inpay agreed to stop creating new business relationships with iGaming companies. The company will need to provide evidence that its AML framework has been strengthened before the restriction can be lifted.

The case does not affect existing customers directly, but it limits Inpay’s ability to expand its presence in the gambling payment market.

Payment Sector Comes Under Closer Review

The decision adds another compliance challenge for companies supporting online gambling transactions. Regulators across Europe have increasingly focused on the financial services connected to betting and casino operators. Payment providers are expected to verify not only the identity of their customers but also the nature of their activities and the risks linked to their markets.

For iGaming companies, the development shows that regulatory attention is moving further along the payment chain. Operators are not the only businesses facing stronger AML expectations.

Inpay’s next steps will depend on whether Finanstilsynet considers the company’s corrective actions sufficient. The outcome may also influence how other payment firms review their own relationships with gambling businesses.