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Germany’s BaFin calls on Allianz to improve controls – WirtschaftsWoche

08/12/2022

Less than a minute

2022.08.12 12:54

Germany's BaFin calls on Allianz to improve controls - WirtschaftsWoche
FILE PHOTO: The logo of Allianz is seen on a building in Paris, France, April 30, 2020. REUTERS/Charles Platiau/File Photo GLOBAL BUSINESS WEEK AHEAD

FRANKFURT (Reuters) – Germany’s financial watchdog BaFin has called on Allianz (ETR:ALVG) to improve its internal controls following fraud at its U.S. funds unit, WirtschaftsWoche reported on Friday.

The regulator sent Allianz a letter with concrete demands some weeks ago, the magazine reported, citing sources close to Allianz.

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08/12/2022

Less than a minute