Tag: Wirex

Italian Consob orders black-out of 5 illegal financial websites

CONSOB tamir - January 17, 2022

Italian Consob has returned after the X-Mas break. The regulator made the last warnings and black-out orders on Dec 27 last year. On Jan 17, 2020, the regulator issued the order to black out the websites of five providers of illegal financial services bringing the total number of websites blacked out since July 2019 to 605. It would be desirable if, in 2020, other regulators were authorized by their legislators to issue such black-outs. This would be an important step in the fight against cybercrime and scams.

Consob Monday is back! 10 new websites to be blacked out!

CONSOB Ben - August 2, 2021

The last two weeks, probably due to vacations or Covid19, Consob did not make the Monday announcements about the blackout of websites of illegally acting financial service providers. These Consob Mondays have been usual for months. Today, the Italian regulator ordered the blackout of 10 illegal financial service providers. Unfortunately, Consob is currently the only EU regulator granted by national law the competence for such a blackout. An EU-wide solution would be appropriate, wouldn't it?

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