"This action was taken in partnership with the United States, as the co-chair of the Terrorist Financing Targeting Center (TFTC), as well as all other TFTC member states: Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates", said a statement carried by the Saudi Press Agency.
It was the second time the year-old TFTC came together to announce sanctions on groups they call threats to regional peace. "By targeting Hezballah's Shura Council, our nations collectively rejected the false distinction between a so-called "Political Wing" and Hezballah's global terrorist plotting", Mnuchin added in the statement.
Meanwhile, the new U.S. Embassy in Jerusalem has enraged the Palestinian Authority, as well as militant group Hamaz, which has ties to Iran and Hezbollah.
The Gulf states also targeted four of the movement's committes, and ordered the individuals' assets and bank accounts frozen, it said.
Earlier on Wednesday, U.S. Secretary of State Mike Pompeo and his Qatari counterpart, Sheikh Mohamed bin Abdulrahman Ali Thani, discussed Qatar's efforts to counter terrorism financing, the State Department said.
Last October, the group announced joint sanctions on top Islamic State and Al-Qaeda figures in Yemen.
Shi'ite Hezbollah was formed to combat Israel's 1982-2000 occupation of Lebanon. The Lebanon-based group is backed by Iran.
The Trump administration has sought in recent days to choke off funding for Iran's overseas operations, including its backing for Hezbollah, in what Washington says are its malign activities in the Middle East.
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 sanctions also target three members of "Hezbollah's" Shura council: Mohammead Yazbeck, Hussein al-Khalil, and Ibrahim al-Amin al-Sayyed.
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