Tag: Astrica

The Consob Monday – Italian regulator orders black-out of five new illegal websites

CONSOB tamir - June 7, 2021

Punctual as the sundial, the Italian financial watchdog has been announcing the blackout of scam websites every Monday for several months. Today, the Italian regulator Consob announced the black-out of five new websites of illegally operating financial services providers. Consob is the only EU regulator to take this effective measure. However, it would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites.

Italian Consob orders blackout of five new broker scams

Compliance tamir - April 19, 2021

Consob now announces almost every Monday the blackout of websites of illegally operating providers of financial services. This makes the Italian financial market supervisory authority the only EU regulator to take this effective measure. For consumer protection in the EU, it would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites. Today, the Italian watchdog announced that it ordered the black-out of five new websites that offer financial services illegally.

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