What Is "Eight Inaccuracy" In Cash Management?

In accordance with the Interim Regulations on cash management and the detailed rules for its implementation, the cash management of enterprises, public institutions and organs, groups and units should comply with the "eight prohibits".

(1) it is forbidden to replace cash in cash with certificates that do not conform to the financial system. (2) it is forbidden to borrow money from each other. (3) it is not allowed to make false use of cash in cash; (4) is not allowed to use bank accounts to deposit or collect cash for other units and individuals; (5) it is not allowed to deposit cash in the name of a company; (6) it is not allowed to retain public funds outside the account (that is, small coffers); these eight are not allowed.

If a bank has any violation of cash management "eight prohibits", the bank may, in accordance with the provisions of the Interim Regulations on cash management, be ordered to stop illegal activities and give warning or fines according to the seriousness of the case.