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By Tom Sims FRANKFURT (Reuters) – German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told Reuters. Allianz revealed in August that the U.S. Department of Justice had launched an investigation into the Structured Alpha funds offered by its Allianz Global Investors asset management unit in the U.S. The sources said the German investigation was currently in a fact-finding phase and involved multiple people, but had picked up pace since Allianz announced the DOJ probe on Aug. 1. Allianz Allianz In order to perform the illicit payments hush money accounts were installed. The move heightens the pressure on the insurer, which is already facing a slew of […] FRANKFURT: German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told Reuters. The insurer said last month that it had reassessed the risks related to the funds after being approached by the DOJ and had concluded that the matter could materially hit its future … Allianz Guilty plea, U.S. ban ends unprecedented fall for AllianzGI AllianzGI to pay $6bn as SEC charges firm and fund managers … Allianz disclosed on August 1, 2021 that “[s]ubsequent to the litigation pending in U.S. courts in relation to the Structured Alpha Funds against Allianz Global Investors U.S. LLC and other Allianz Group companies and the investigation launched by the U.S. Securities and Exchange Commission (‘SEC’) in 2020, the U.S. Department of Justice (‘DOJ’) has begun an … Per the SEC: ‘Tournant and Bond-Nelson discussed what Bond-Nelson should say about their adjustments to IDS Risk Reports. Allianz is fully cooperating with the SEC and the DOJ in the investigations and has immediately started its own review of this matter. 18th August 2021 - Author: Matt Sheehan. German-headquartered Allianz SE could face a loss of around €3.5bn with the potential for a worst-case hit of €6.8bn, in light of ongoing investigation by the US Department of Justice (DOJ) into the Structured Alpha Funds of Allianz Global Investors, according to an analyst note by Berenberg.