On 25 October 2021, Italian regulator Consob ordered the black-out of ten new sites illegally offering financial services to Italian consumers. Since July 2019, the Italian watchdog has blocked 537 websites for the Italian market. Consob is currently, unfortunately, the only European regulator that has this power in regulatory enforcement. It would be desirable if other jurisdictions also gave their regulators such authorization to fight scams more efficiently.
Below are some of the sites Consob has ordered to be blacked out:
- Axis Solutions Ltd with website https://swiss24.io;
- Brocprime with website www.brocprime.net;
- Llajes Services Sp.Zo.o with website https://globalinvestous.eu.
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 537. The measures adopted by Consob can be consulted on the website www.consob.it.
