The Italian regulator, the Company and Exchange Commission (CONSOB), has recently renewed its use of administrative powers that the so-called “Growth Decree” had allowed it. The Italian regulator announced today that it had issued further orders to block access across Italy for 16 different websites, which illegally offers financial services to Italy-based investors.
Eight Websites For One Company
One of the more notable bans comes from Equalizer Ltd. The company itself isn’t all that noteworthy, but this one business alone has left Italian ISPs forced to ban eight different web domains just to keep it out of the country. These domains are https://secure.capitalgmafx.com, www.capitalgmafx.com, www.marketscfds.com, https://trade.capitalgmafx.com, https://trading.marketscfds.com, https://secure.ztrade24.com, https://ztrade24.com, and https://trade.ztrade24.com.
Further domain bans are from Lead Secure Ltd (www.fxdirects.com), Sucaba Enterprise Ltd (www.skycapital.cc), Platiniumfund Ltd (www.platiniumfund.com), RL Ltd (www.royaltd24.net), FSM SMART Ltd (it.fsmsmart.net), “findealadvisers” (www.findealadvisers.com), and lastly, “RMT500” (www.RMT500.net).
Fighting Against The Tide
As always, it’s recommended against visiting these sites yourself, as Italy already gave it an illegal definition. Still, the company saw to it that it would try to cater to Italy-based customers, regardless, showing that they are of dubious motivations already.
The Italian regulator gained these new powers back in July of 2019, and has since exercised it regularly. As it stands now, CONSOB had mandated Italy’s ISPs to “black out” 239 websites, in total. They gained this authority by way of the “Growth Decree” legislation, which saw to it that the regulator is capable of blocking access to illegal financial services websites within the country. As is typically the case, it takes a few days to fully implement the blocking of these sites, due to the administration needed regarding it.
Harder Measures Needed
CONSOB had to rely on stern warnings before it had the authority given to it by the “Growth Decree,” which worked to investors seasoned in the way things are. The problem comes from new investors that are simply too naive for their own good.
Each weak, CONSOB updates on how many sites it had blocked, doing so consistently this entire time. It’s quite an admirable act, trying to plug every leak in the finance industry, though the same can’t be said for the country’s ability to keep its nation internet fraud-free, at least in this respect.
Crime in the finance industry is a natural by-product of the sheer amount of money that flows through it. To try and keep the crime out is to try and fight against the sea. The most one can do is maintain it as an absolute minimum level of it.
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