62. What other institutions have a formal role in political finance oversight?

Infringements – whether intentional or due to gross negligence - of the provisions contained in the Act on the Finances of Political Organisations and Candidates and their Information Disclosure are sanctioned with fines or imprisonment of up to six years. It is possible to appeal the court’s decision before the Supreme Court.

GRECO (2008), Evaluation Report on Iceland - Transparency of Party Funding (Theme II), p.11.