A second document, also due on Thursday, suggests giving the European Union more powers to tackle financial malfeasance within the bloc after a spate of scandals at large banks dented the EU's reputation.
The proposal, still subject to changes, says the EU could set up by 2023 a common supervisory body in charge of carrying out inspections at banks and possibly empowered to impose sanctions and identify suspicious payments.
The revised money-laundering list, expanded to include 22 from 16 states, is set to take effect from October.
Under the draft proposal, the Commission added Panama, the Bahamas, Mauritius, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe to its list of countries that "pose significant threats to the financial system of the Union" because of failings in tackling money laundering and terrorism financing.