Consob has ordered the black-out of five new websites offering financial services illegally. The regulator has the authority to order the black-out of websites that illegally offer financial services to Italian consumers. Thus Consob can order internet service providers to block access from Italy to websites offering financial services without the proper authorization.
On September 29 and 30, 2020, the German Financial Market Authority BaFin issued several Cease and Desist Orders against German companies that provide payment processing services without the appropriate authorization. The BaFin order against the German companies is related to the international broker scams GiroFX, STSRoyal, and Fibonatex against which other regulators have already issued warnings.