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"Any irregularity in the financing of a political party shall entail sanctions proportionate to the severity of the offence that may consist of the loss of all or part of public financing for the following year. Any irregularity in the financing of an electoral campaign shall entail, for the party or candidate at fault, sanctions proportionate to the severity of the offence that may consist of the loss or the total or partial reimbursement of the public contribution, the payment of a fine or another financial sanction or the annulment of the election."
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CoE (Venice Commission): Guidelines and Report on the Financing of Political Parties, para. 13-14

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Guidelines and Report on the Financing of Political Parties

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