CONSOB Further Adds 9 Abusive Websites Offering Financial Services to Its Blacklist

The Italian financial watchdog CONSOB has ordered the black-out of 9 new websites that offer financial services/financial products illegally, bringing the total number of websites blacked out to 907.

Below are the websites Consob has ordered to be blacked out:

• "CapitalFXM" (website www.capitalfxm.com and related page https://client.capitalfxm.com);

• "AW FX Bank" (website https://awfxbank.com and related page https://my.awfxbank.com);

• "INDEX ACCOUNTING" (two websites www.optimainvesting.com, https://fincapindex.com and related page https://client.fincapindex.com);

• Finex Finance Global (website www.finexfinanceglobal.com).

• Top Markets Ltd (websitefuslonfx24.com and related page https://my.fuslonfx24.com);

• Gadvm Limited (website gadvm.com and related page https://cabinet.gadvm.com);

• "PrimeCapital" (website https://primecapital.pro);

• "ToroProfit" (website https://toroprofit247.io and related page https://client.toroprofit247.io).

The Authority availed itself of the powers deriving from the "Decreto crescita" ("Growth Decree" Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), relating to the black-out of the sites of abusive financial intermediaries, as well as of the power introduced by the Law no. 8 of 28 February 2020, Article no. 4, paragraph 3-bis, with reference to the black-out of the website through which the illegal offer is carried out.

The regulator explained that it can take several days for the black-out of these websites due to technical reasons.