The phrase "financial penalties" refers to a punishment or consequences in the form of money that someone has to pay because they have done something wrong or violated certain rules or agreements. Full definition
These laws may also provide for financial penalties for conduct that falls below the applicable standard of care or rises to the level of outright abuse. (catesmahoney.com)
In a case involving a white collar crime, a person convicted on a charge is also likely to face financial penalties in addition to possible prison time. (longislandcriminallawyers.com)
It is even more surprising that the NHS must pay financial penalties if it can't find all the expected staff to lend to computer suppliers. (politics.co.uk)