The Palestinian Authority warned of 'imminent consequences.'

'Terror financing is illegal and exposes the credit card companies to both criminal and civil liability,' a leading watchdog group warned Mastercard and Visa.

Terror factions are furious with Palestinian banks for shutting terrorists' accounts to avoid prosecution under Israeli law.

After banks told terrorists and their families to withdraw balances before they are closed, Hamas threatened to take action against them for 'surrendering to Israeli dictates and threats.'