Is shakepay-inc.it.com a scam?

Item: shakepay-inc.it.com
Rating: 1
Author: Stingray Security

'LIKELY SCAM'

Risk: HIGH

Website Screenshot

Overview

The page displays multiple major inconsistencies and hallmarks of a high-risk scam, including copy-paste regulatory claims, excessive focus on compliance, and suspicious domain usage. There are demonstrable false claims about high-level registrations that can be independently checked.

Why We Think This Is A Scam

Domain 'shakepay-inc.it.com' does not match legitimate, established Canadian entity (Shakepay Inc.), suggesting an impostor (typosquatting) operation.

Multiple claims to being registered with CIRO and AMF as an Investment Dealer; such credentials are extremely rare and public, and should be easily verifiable; this strongly suggests falsification.

Heavy emphasis on regulatory terms (CIRO, AMF, FINTRAC, AML/KYC) in a repetitive, boilerplate fashion—common tactic used by scammers to signal legitimacy to unsophisticated users.

The only verifiable legal claim (FINTRAC MSB #M17065696) is repeated but not directly linked to official registries; the context and domain indicate probable misuse of a legitimate registration number.

No founding date, real address, or verifiable ownership details provided; generic 'Get Started' and 'View Services' with little actionable business content.

Domain uses a suspicious '.it.com' extension, not standard for Canadian financial service providers.