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

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

BaFin was not immediately able to comment, and Allianz could not immediately be reached.

In May, Allianz agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic.

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