Celtic keeper Artur Boruc was fined £500 on Wednesday after being photographed making one-fingered gestures to Rangers fans.
The Poland international made the gestures during the last Old Firm derby on 31st August.
After being charged last month, the 28-year-old was found guilty of improper conduct by a Scottish Football Association disciplinary commission on Wednesday.
Boruc also received a severe reprimand and has been given seven working days to appeal the decision.
Such a mild financial penalty could raise a few eyebrows, especially as it is not the first time that he has been caught on camera antagonising opposition supporters.
But SFA president George Peat hopes the very fact Boruc was found guilty will act as a deterrent to him in future.
Peat said: "I certainly hope so.
"We haven't had many of these incidents, thankfully, and I just hope that this serves as a message - not so much the fine but the actual fact that he's been punished."
Peat was speaking at an event in Glasgow to promote the campaign 'Show Racism the Red Card' where he vowed the SFA would do all it can to help eradicate the problem from football.
"I think it's a great idea actually to publicise this and try to eliminate racism. The SFA will support that 100 per cent," he said.
"It has no place at all in football, as in any other part of life.
"Where we're involved on the football side, we've got to do our very best to eradicate it."
Sectarianism has also dogged the Scottish game, with Rangers boss Walter Smith recently expressing his fear that the club might never rid itself completely of the scourge.
Peat added: "It's a difficult one. I think Walter's got a good point there. There's a small minority I think who are obviously keeping the same view.
"We've just got to hope through time that their views change."