Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that illegally offer financial services.
Sites targeting the latest set of orders are:
- “Allotionsint” (website and related page
- “Marketsac.com” (website www.marketsac.com and related page
- Axia Group Ltd and “Axiacvs” (website www.axiacvs.com and related page
- Infinity Business Brokers LTD (website and related pages and
- “FxAlta” and Pangaia Ltd (website www.fx-alta.com and related pages and
- “Swissdeal” (website www.swissdeal.co and related page
In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Decree on Growth”; Law No. 58 of June 28, 2019, Article No. 36, paragraph 2-terdecies), under which Consob can order Internet service providers to block access from Italy to websites offering financial services without proper authorization.
The number of websites taken down since July 2019, when Consob was given the power to order the websites of fraudulent financial intermediaries to be blocked, has risen to 995.
The shutdown of these websites by ISPs continues. For technical reasons, it may take several days for the block to take effect.