By this criticism, are we to understand that you're against all fines collected by the government? Everything from parking tickets to penalties paid for crimes, misdemeanors, felonies by citizens etc? If that's the case, that seems like a very fringe perspective, consistent only with "all taxation is theft" flavored libertarianism.
EU is a democratically accountable institution, in theory (and also in practice) voters are able to affect the way these fines are used, and how they're collected. Yes, these fines are not going to be redistributed into EU citizens' pockets, but they will be used in ways that will benefit EU citizens one way or another.