Iceland - 2006 Party Finance Law

Title Article 12: Penalties
Chapter Chapter 6: Penalties, entry into force and repealed statutory provisions
Article

12

Anyone who on purpose or through gross negligence violates the provisions of this Act shall be subject to fines, and serious violations shall be punishable by imprisonment for up to six years.

Categories - External oversight (Sanctions)
Source http://www.althingi.is/lagas/137/2006162.html