Tag: AdmiralFX

On 15 February 2023, Italian regulator Consob announced that it ordered six abusive financial websites to be blacked out. The total number of black-out orders increase to 839. Consob has been authorized by the so-called “Growth Decree” to order ISPs to inhibit access from Italy to illegal financial websites. The black-out by Italian Internet service providers is ongoing, but it can take several days for the black-out to come into effect. Below are the websites Consob has ordered to be blacked out:

On 18 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 532 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.