Like clockwork, the Italian Consob issued orders to blackout five websites illegally offering financial services. This brings the total number of websites blacked out since July 2019 to 628. Regulators in other regimes can only issue warnings against illegal providers. Consob can order Internet providers to block their websites for the Italian market. It would be desirable if other regulators were authorized by their legislators to issue such blackouts. This would be an important step in the fight against cybercrime and scams.
Below are some of the sites Consob has ordered to be blacked out:
- Evolve Invest Limited d/b/a IndexEvolve with website https://indexevolve.com;
- Miva Solutions Llc d/b/a EuroCapitals with website https://eurocapitals.com;
- Wam-Capital UK Ltd and Wam-Capital and Gabioni Ltd d/b/a Wam Capital with website https://wamcapital.co.
The number of sites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 628.
