Penalty for issuing dud cheque

Cheque issuer will be fined by People's Bank of China (PBOC) if a person issued a dud cheque or signed a cheque in a name different from the specimen. If the person has no intentional to cheat goods and money, the fine will be the lower of 5% of the check amount or RMB1,000. Anyone fails to repay the fine within the specified period will be penalized for an additional fine at a daily rate of 3% on the original fine. In addition, the People's Court will terminate such person's right to issue cheque.

A "blacklist" system for the above illegal behavior has been established.

PBOC head office will be responsible for framing out and implementing the punishment system, the regional branch of PBOC will be responsible for the implementation of punishment in the region. The bank which issues the related cheque book should be responsible for reporting and filing the legal document about the illegal behavior. The fine will be collected by fine collection organizations.

Fine collection organizations will be penalized in accordance to the "Punishment of illegal behavior regarding finance" if they misappropriate the fine received. In serious case, the senior executive staff and the key operator have to bear the administrative responsibility. A person who repeatedly issues dud cheque will be terminated all rights to issue cheque by bank.

2005年5月23日

出票人簽發空頭支票或者簽發與其預留的簽章不符的支票，不以騙取財物?目的的，將被中國人民銀行處以票面金額5%但不低於1000元的罰款，在規定期限內到指定的罰款代收機構主動繳納，逾期不繳納的，每日將被處以罰款數額的3%的罰款，其簽發支票的權利將被取消、人民法院將強制其執行等；

建立了對於開空頭支票的違規行為的"黑名單"制度；

空頭支票處罰制度的制定和監督執行由人民銀行總行負責；本轄區內空頭支票行政處罰的組織實施由人民銀行分支行負責；報告簽發空頭支票違規行為、代為送達有關法律文書由出票人開戶銀行負責等；罰款的收繳由罰款代收機構負責。

罰款代收機構對空頭支票罰款收入占壓、挪用的，將受到《金融違法行?處罰辦法》中有關規定給予的處罰,情節嚴重的，高級管理人員及直接責任人將被追究行政責任；對於屢次簽發空頭支票的出票人，其辦理支票或全部支付結算業務的權利就被銀行所中止。