meta_id 3409095

On August 17, 2026, Denmark's Financial Supervisory Authority (Finanstilsynet) issued an enforcement order to Inpay A/S, a Danish e-money institution licensed under the Payments Act, prohibiting it from establishing new business customer relationships in the online gaming sector. The order follows a money laundering inspection conducted in March 2026 that identified serious breaches of anti-money laundering legislation. Inpay A/S facilitates cross-border payments for business customers primarily operating in online gaming, typically located outside Denmark and frequently outside the European Union. This customer segment represents a substantial portion of the company's transaction volume. Finanstilsynet determined that Inpay A/S failed to implement sufficient customer due diligence procedures and transaction monitoring for its online gaming business customers, which are classified as high-risk for money laundering and terrorism financing. Specifically, the authority identified serious violations concerning: insufficient implementation of customer due diligence when a customer's circumstances change (Article 10, Section 1, Number 1 of the Money Laundering Act); failure to assess the purpose and intended nature of business relationships (Article 11, Section 1, Number 4); and inadequate ongoing transaction monitoring (Article 11, Section 1, Number 5). Finanstilsynet emphasised that the breaches are serious given their scope, affecting the majority of the company's customer portfolio and a significant portion of transaction volumes. The authority noted that online gaming represents an elevated money laundering risk sector, with most customers operating outside Denmark and the EU. The company's lack of visibility into end-user deposits from gaming providers substantially increases the risk of facilitating money laundering or terrorism financing, as well as supporting unlicensed gaming operations. Inpay A/S must cease establishing new online gaming business customer relationships until it demonstrates to Finanstilsynet that the serious violations have ceased. The company has voluntarily suspended establishing new business customer relationships in this sector.