MetLife pays HK$7m in Hong Kong for screening, review and monitoring failings

MetLife Limited (now named FWD Life (Hong Kong) Limited) and Metropolitan Life Insurance Company of Hong Kong Limited (now FWD Life Assurance Company (Hong Kong) Limited) must pay HK$7 million (US$898,000) after Hong Kong’s Insurance Authority (HKIA) found the firms had breached the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) between January 2015 and October 2017. [1]