Law enforcement experts are expected to agree penalty measures this week against countries failing to take adequate steps against money laundering according to the Financial Times.
The FT says the 26 member country Financial Action Task Force which will draw up a list of approximately 20 criteria to define non-cooperative countries.
The FATF has traditionally been reluctant to accuse individual countries over failing to comply with the rules, although the Seychelles in particular has come under fire from the international body.
It has also criticised member states Turkey and Austria for failing to meet the standards it has set.
The FAFT is likely to adopt a 'name and shame' approach to those it deems to be uncooperative.