--Allianz has been warned by Germany's financial regulator BaFin to improve its internal controls after alleged fraud at some of its U.S. funds, WirtschaftsWoche reports, citing unnamed sources.

--BaFin sent Allianz a letter with specific demands a few weeks ago, including that it clarifies its responsibilities, WirtschaftsWoche says, citing the sources.

--Allianz couldn't be immediately be reached for comment.

 

Full story in German: https://bit.ly/3C9tzbY

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

August 12, 2022 06:56 ET (10:56 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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