Originally Posted by robwod

Chris: One of the reasons I opted to give Paxum a try following the ePass fiasco was that it was "sold" to me on the basis that when I opened an account with Paxum I would be assigned a REGISTERED Canadian Chequing account. With Canada's decent banking regulations, this instilled sufficient trust to move forward with registration.

Are you now saying that the Account listed under my Paxum account is NOT a registered account under the Canadian guidelines, that my ID scans, utility bills, etc (you guys ask for enough information that identity theft is a very real possibility) are now moved out of the control of Canadian regulations and are now located in another country? I **really** need clarification on this as I only agreed to entrust Paxum with my money on the basis everything was based in Canada, under Canada's regulations, with the exception of the Mastercard which is based out of Belize.

Chris, please clarify this exactly.

- Where is my account registered?
- IS my account registered and regulated under Canadian banking guidelines?
- I'm a Canadian citizen. Where is my "account" actually located, Canada or a foreign country?

Thanks.