I'm not sure I want my registrar to be judging whether they think I'm criminal or not and terminating my service. I think that's the job for courts. But maybe I need to read up more on this issue, can you recommend articles as background reading?
So what you're suggesting is that registrars should be exempt from the standard that we hold literally everything else to?
This isn't a subjective topic. These are criminal syndicates stealing credit cards and using them to buy services from Namecheap for the explicit goal of creating deceitful websites to defraud people.
Namecheap has an Acceptable Use Policy section[0] in their TOS specifically for these situations yet uniquely refuses to enforce it. Enforcing it is an explicit requirement in the ICANN registry agreement[1] that Namecheap is required to follow to be an accredited registrar.
Allowing this to take place, even after it is reported, is potentially a criminal act in and of itself.