Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new websites that illegally offer financial services.
The websites targeted by the latest set of orders are:
- AMA Business Solutions Ltd (website https://solidxm.com and related pages https://register.solidxm.com and https://portal.solidxm.com);
- Pelliron Universal Inc. (website https://pelliron.com and related page https://pa.pelliron.com);
- Mortiz Ltd and FXALTA LTD (website www.fxalta.com);
- New Finance LLC and NEWFX Ltd (website www.newfxtrading.com).
In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.
The number of websites blacked out since July 2019, when Consob got the power to order the blocking of access to the websites of fraudulent financial intermediaries, has thus risen to 879.
Earlier in April, the Italian regulator ordered the blackout of five websites, including ones belonging to AquilaFX and MFS Securities.
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 blocking to come into effect.
