Article 13
If the sanctions are fines, the court decides, taking into account the purchase price that applies when the decision is made, the amount of the fine, which in Icelandic krónur corresponds to the fine that was imposed. However, the amount shall not exceed the maximum amount of the fine for a comparable offense under Icelandic law.
Instead of fines according to a foreign sanction decision, no heavier sanctions may be imposed in this country than fines.

Article 27
Fines may be collected even if the amount of the fine is higher than the highest fines that would be imposed in this country for a similar crime. The same applies to confiscation of property.

Article 32
In the case of a fine, the part of the fine that the convicted person has paid to the government in the foreign state may not be collected in this country. Decisions on installments or deadlines for the payment of fines, which have been made by the government in the foreign state before enforcement is requested in this country, remain in force.

An alternative penalty may be imposed for fines to be enforced in this country in accordance with this Act if such is permitted in accordance with the law of the state that requested enforcement. This does not apply if that State has stated that such an alternative penalty should not be imposed.

Fines collected under this Act, as well as money and items confiscated under the provisions of the Act, are the property of the Treasury. If a difference has been confiscated in this country, the [Ministry] may, 1) at the request of the requested State, agreed to be extradited to that State.