Meanwhile, Iran's foreign minister on Thursday lashed out on Twitter at the US and Saudi Arabia for imposing sanctions on leaders of its Lebanese ally Hezbollah.
The latest USA sanctions came one day after the Treasury Department slapped sanctions on governor of Iran's Central Bank Valiollah Seif, alleging it had funneled funds to Hezbollah. Collaboration with its USA patron to sanction the first force to liberate Arab territory and shatter the myth of Israeli invincibility. "Shame upon shame", he said.
The TFTC was created to "expand and strengthen the seven member states' cooperation to counter the financing of terrorism by facilitating coordinated disruptive actions, sharing of financial intelligence information, and member state capacity-building to target terrorist financing networks and related activities that pose national security threats to TFTC members".
The US Department of the Treasury announced on Wednesday that it designated the leader of the Shia Muslim group Hezbollah, Sayyed Hassan Nasrallah for new sanctions as well as other individuals.
Hezbollah is a key player in Lebanese politics, and it maintains its own arsenal of weapons and fighting force.
Washington's claims against Hezbollah come while the movement has been playing a significant role in the Syrian army's fight against Takfiri terror groups, including Daesh and al-Nusra Front, thus preventing the spillover of the militancy gripping neighboring Syria into Lebanon.
The move comes one day after the Treasury Department slapped sanctions on the governor of Iran's central bank, alleging it had funneled funds to Hezbollah, which the USA considers a terrorist group.
The European Union has viewed Hezbollah's armed wing as a terrorist organization since 2013.
"The US Department of the Treasury's Office of Foreign Assets Control (OFAC) in partnership with the Kingdom of Saudi Arabia, the co-chair of the Terrorist Financing Targeting Center (TFTC), and the other TFTC member states - the Kingdom of Bahrain, the State of Kuwait, the Sultanate of Oman, the State of Qatar, and the United Arab Emirates (UAE) - designated members of Hezbollah's Shura Council, the primary decision-making body of Hezballah", the press release said.
Saudi Arabia on Wednesday evening announced that it had placed several people linked to Hezbollah on its terrorist list, including Hezbollah leader Hassan Nasrallah and his deputy, Naim Qasim, according to the Saudi state press.
The Hamas-run Gaza health ministry said Tuesday that 62 Palestinians were killed and over 2,700 injured in clashes along the border on Monday and Tuesday.