The Italian Consob issued orders to blackout the websites of five providers of illegal financial services bringing the total number of websites blacked out since July 2019 to 610. While in other regimes regulators can only issue warnings against illegal providers, Consob can order Internet providers to block their websites for the Italian market. It would be desirable if other regulators were authorized by their legislators to issue such blackouts. This would be an important step in the fight against cybercrime and scams.
Below are the sites Consob has ordered to be blacked out:
- Ngtcm with website https://ngtcm.com;
- 24 X 7 Limited dba 24waysFX with website https://24waysfx.com;
- Beradora Ltd dba FullMarkets with website https://fullmarkets.com;
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 610.