Italy's Consob Orders Blackout of 5 New Websites

​The Italian financial regulator Consob has recently ordered the blackout of 5 new websites, accusing that they are offering financial services in the country without due authorization.

The websites to which the watchdog ordered Internet connectivity service providers to inhibit access from Italy include:

· Trade Com Limited (website: https://spotfinex.com; related page: https://accounts.spotfinex.com);

· Konstos Markets LTD (website: www.stockcore.co);

· Vita Impex Ltd (websites: https://vitafx.com; https://pluton500.com);

· "Up Invest Finance" (website: https://upinvestfin.com).

Last September, the British Virgin Islands Financial Services Commission (BVIFSC) also issued a warning against Konstos Markets LTD, which claims to have been in the online trading industry since 2009.

The number of websites shut down since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 421.

The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect.