Germany's BaFin calls on Allianz to improve controls - WirtschaftsWoche

FRANKFURT (Reuters) - Germany's financial watchdog BaFin has called on Allianz 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.

(Reporting by Tom Sims and Alexander Huebner, editing by Rachel More)