Yes. Absolutely not to be recommended. I had an account with Paxum, without any high-risk transactions etc. only from my own accounts, then they closed my account again. I've been in the banking business for a long time and know the compliance requirements. For me it was just for no reason - I don't know why.
At Paxum Bank you basically don't get an answer to inquiries. So forget about the group and open an account somewhere else.