"suffer penalties" is correct and usable in written English.
It is an expression that can be used to indicate that someone will experience the negative consequences of their actions. For example: Those caught breaking the law will suffer penalties, such as jail time and hefty fines.
Pornography, for example, is strictly banned here, so companies need to police their services vigilantly or suffer penalties.
Do you think the DOJ is doing its job if banks commit massive violations, but no individuals seem to suffer penalties?
Lochte has lost endorsements because of the public outcry over his behavior and might suffer penalties (or conceivably a bar or suspension) at the hands of the Olympic Committee for his public BS story.
The former chairman said that Rangers went into liquidation and suffered penalties and sanctions that led to Division Three purely because of previous owner Craig Whyte's failure to pay taxes following Murray's sale of the club.
The BBC's business editor Robert Peston says that this is the "third such headache for Barclays, having already suffered penalties of £290m for rigging Libor interest-rate benchmarks and being subject to investigations into whether another important financial price, the so-called ISDAfix, has been manipulated".
To perform multiple phenotypes based GWAS, application of traditional GWAS approaches has suffered penalties from multiple testing problems caused by testing multiple genome-wide scans of single traits separately.
Pearce suffered penalty heartbreak with England in the semi-finals of the 1990 World Cup - when he missed - and Euro 96.
Hodgson suffered penalty heartbreak against Italy in Euro 2012, his first tournament as England manager, and the senior side have the worst shootout record of all the major footballing nations.
England suffered penalty agony once more as Italy won a shoot-out after the Euro 2012 quarter-final finished goalless in Kiev.
He missed the 2002 World Cup through late injury, suffered penalty shootout defeats by Portugal at Euro 2004 and the 2006 World Cup (missing his own spot-kick with England 2-1 andad), and fell in the same fashion to Italy at Euro 2012.
Both the giver and receiver are equally culpable and suffer equal penalties.
