Suarez, top goalscorer with 23 goals, has been widely condemned for his behavior in 2-2 draw on Sunday and is expected to get a long ban by the Football Association but Liverpool Director Ian Ayre has said that the club would stand by him.
"I think the most important thing is that we acted swiftly yesterday," Ayre said the club's site (www.liverpoolfc.com).
"Luis issued an apology and then we talked to him last night and then again this morning. We have taken steps to end Luis for his actions. "
Ayre did not specify the size of the fine but Suarez has asked the money to be donated to the Hillsborough family support-an organization set up after the 1989 football stadium disaster which left 96 Liverpool fans died.
The former Liverpool midfielder Graeme Souness said Sunday that Suarez had reached "last chance saloon" at Anfield after the latest in a series of misdeeds while others have suggested the club could take a moral stance and terminate his contract.
However, Ayre said Manager Brendan Rodgers would work with the players to help improve its discipline.
"The owners are happy for how we are handling the matter," said the CEO.
"He's a very popular player with his teammates. As we continue to say, signed a new four-year contract last summer and all we'd see him here all that contract.
"He is a fantastic player, top scorer and everything we want in a striker so there is no change there."
The Professional Footballers Association (PFA) said Monday that Suarez would offer classes in anger management.
(Reporting by Martyn Herman, editing by Tony Jimenez)
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