According to BlockBeats, Singapore officials said that an inter-departmental committee will be set up to review the anti-money laundering system in response to the largest money laundering case in Singapore recently seized. The Monetary Authority of Singapore and other institutions will appoint relevant personnel to participate in the committee, and the second minister of the Ministry of Finance and the Ministry of National Development of Singapore will serve as the chairman of the committee. Singapore will review the anti-money laundering system from the perspective of foreigners purchasing and holding local real estate; corporate entity registration and operation. It was previously reported that the total value of assets seized or frozen by Singapore authorities in the largest money laundering case in the region has expanded to 2.8 billion Singapore dollars (equivalent to 2 billion US dollars), including 152 properties, 62 cars, thousands of bottles of wine, cryptocurrencies, gold bars and jewelry. The government said it may tighten immigration regulations to curb the influx of illegal funds.