Monday, December 23, 2024

Italian Consob Orders Black-Out Of Four Fraudulent Financial Websites

Spread financial intelligence

On 19 December 2022, Italian regulator Consob announced that it ordered the black-out of four illegally operating online trading websites related to five broker scams. The total number of black-out orders increase to 815. Consob has been authorized by the so-called “Growth Decree” to order Internet connectivity service providers to inhibit access from Italy to illegal financial websites. Below are the sites to be blacked out:

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 815.