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Sky Sports said:Liverpool striker Luis Suarez has been handed a one-match suspension, fined £20,000 and warned as to his future conduct after admitting to an improper conduct charge for his behaviour at Fulham.
The club have also been fined £20,000 for failing to control their players in the same match.
Uruguay international Suarez was pictured apparently making a one-figured gesture towards Fulham's fans following Liverpool's 1-0 defeat at Craven Cottage on 5th December.
The ruling, announced by the Football Association, comes at a sensitive time for the Reds, who have made clear their anger over an eight-game suspension handed to the striker for racially abusing Manchester United's Patrice Evra.
The FA confirmed Suarez's punishment on their official website on Wednesday.
A statement read: "Liverpool player Luis Suarez will begin a one-match suspension with immediate effect after he admitted an FA charge of improper conduct in relation to the same game.
"Suarez was also fined £20,000 and warned as to his future conduct following a gesture he made towards the Fulham fans at the end of the fixture."
The suspension means Suarez will be absent for the Reds' game at home to Newcastle on Friday.
It just gets worse and worse for Liverpool, Sucks for them.