I kind of have the same issue. Although not on a Windows Server.
In Validation rule settings it says:
IP2Location : IP2Location.class.php: Unable to open file "/home/.sites/7/[removed]/web/[removed]/wp-content/ip-geo-api/ip2location/IP2LOCATION-LITE-DB1.BIN".
In Local database settings it says:
IP2Location database (IPv4) – 403 Forbidden
IP2Location database (IPv6) – 403 Forbidden
Could not download the zip the other (kind of similar) thread to perform tests. wp-config is correct.
Thanks and best,
Simon