Iceland - 2010 Party Finance Law

Title Article 12. Penalties
Chapter Chapter VI. Penalties, entry into force and repealed statutory provisions
Article

12

Any person who accepts donations, or their equivalent, that may not be accepted pursuant to Article 6, or who accepts higher donations than permitted pursuant to Article 7, shall be subject to fines or imprisonment for up to two years.
Any person who does not submit information or reports in accordance with the provisions of this Act to the National Audit Office within the specified time limits shall be subject to fines. The same applies if the information provided is not in accordance with the established rules.
Legal entities shall be fined for violations of the first or second paragraph.
Violations of this Article are punishable if carried out intentionally or through negligence.
Attempts at and participation in violations of this Article are punishable as provided for under Section III of the Penal Code.
Donations that are accepted without authorisation or in excess of authorisations provided in this Act may be confiscated by the State Treasury as provided for in Chapter VII A of the Penal Code.

Categories - External oversight (Sanctions)
- External oversight (Subject of monitoring)
- External oversight (Type of authority)
Source http://www.althingi.is/lagas/138b/2006162.html