Here's the info for FINTRAC which Paxum has claimed to be regulated under:
Quote:
Contact Us
You may reach us by:
Mail
FINTRAC
24th floor, 234 Laurier Avenue West
Ottawa ON K1P 1H7
CANADA
Email
[email protected]
Telephone
1-866-346-8722 (toll free)
Facsimile
613-943-7931
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http://www.fintrac-canafe.gc.ca/cont...ctez/1-eng.asp
Call them up and see how far you get.
Here's some messages where Paxum people seem to try to make it seem as if they are a fully regulated institution by being very vague about what FINTRAC really checks:
Quote:
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As for the exact audit details no I can not and will not go into specific but we are audited by fintrac. www.fintrac.gc.ca
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https://gfy.com/showpost.php?p=19411713&postcount=17
Here Ruth seems to present Fintrac in a way such that it is like they are actually protecting account holders. Look at the previous message she is replying to.
https://gfy.com/showpost.php?p=18825264&postcount=76
Quote:
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Everybody must follow these procedures. These procedures are also audited ON-SITE by FINTRAC and Mastercard and our banking partners, and we have never had a problem. If there was an obvious data breach like the ones you suggest could happen, our license would have been revoked a long time ago, and due to the strict privacy laws of Canada, there would likely be legal issues as well. This is simply NOT the case because we comply with ALL procedures and regulations.
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https://gfy.com/showpost.php?p=18959225&postcount=65
And many more...