It's all about the questions you ask, some critical thinking can help you draw your own conclusions.
Here's some examples of questions people could ask Paxum.
1. Is Paxum a searchable federal corporation under Canadian Corporation law ?
2. Where are privacy sensitive documents stored, handled or otherwise dealt with ?
3. Are identification documents available to persons outside of the jurisdiction of Canada.
4. Does Paxum comply with all recommendations of the Privacy Commisioner ?
http://www.priv.gc.ca/index_e.asp
5. Who is the beneficial owner of Paxum and does the beneficial owner of Paxum reside outside of the jurisdiction of Canada ?
People need to realise that Ruth and Chris have the job of promoting Paxum and holding Paxum in the best possible light. They are not in the business of being open and transparent to you, they are in the business of furthering the interests of Paxum. Which is fine, but some people in this thread don't seem to understand that.
I am not saying Paxum is a bad product, in fact I use it myself, however it is a little disingenuous for Paxum to present itself as wholly under the jurisdiction of Canada when there are clear signs that account holders documentation and funds are dealt with outside of the protections and jurisdiction of Canadian authorities.