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