The Collaborative International Dictionary of English v.0.48:

penalized \penalized\ adj.
   Subjected to a penalty. [Narrower terms: fined, mulcted]
   [WordNet 1.5 +PJC]

The Collaborative International Dictionary of English v.0.48:

Fine \Fine\, v. t. [imp. & p. p. Fined (f[imac]nd); p. pr. &
   vb. n. Fining.] [From Fine, a.]
   1. To make fine; to refine; to purify, to clarify; as, to
      fine gold.
      [1913 Webster]

            It hath been fined and refined by . . . learned men.
                                                  --Hobbes.
      [1913 Webster]

   2. To make finer, or less coarse, as in bulk, texture, etc.;
      as. to fine the soil. --L. H. Bailey.
      [1913 Webster]

   3. To change by fine gradations; as (Naut.), to fine down a
      ship's lines, to diminish her lines gradually.
      [1913 Webster]

            I often sate at home
            On evenings, watching how they fined themselves
            With gradual conscience to a perfect night.
                                                  --Browning.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

fined \fined\ adj.
   subjected to punishment by a fine.

   Syn: mulcted.
        [WordNet 1.5]