"财票分离" is the account name of the Finance/Fiscal/Treasury Department used to collect the fines/penalties issued by various law enforcement agencies.

财 just means the Finance/Fiscal/Treasury Department, 票 means "ticket issuers". For the tickets issued by ticket issuers, payment should be made to the amount held by Finance/Fiscal/Treasury Department in the name of "财票分离". The payer should write their check payable to "财票分离"


林地使用申请/申报材料 - 论文
www.qililed.com/wap.aspx?nid=802685&cid=605 - Translate this page
... 植被恢复费的凭证（汇入银行：济南银行和平支行，账号:15-158101011842222 ；收款人名称：财票分离；汇款用途：森林植被恢复费）；收费标准：用材林6元/平方米

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Note added at 2 hrs (2019-06-10 09:14:16 GMT)
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you probably want to use "Cai Piao Fen Li" to translate it, and explain what it is in ( ).

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Note added at 2 hrs (2019-06-10 09:16:54 GMT)
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Re-posted with typos removed： “财 just means the Finance/Fiscal/Treasury Department, 票 means "ticket issuers". For tickets issued by ticket issuers, payments should be made to the account held by Finance/Fiscal/Treasury Department in the name of "财票分离". The payers should write their check payable to "财票分离".


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Note added at 2 hrs (2019-06-10 09:19:15 GMT)
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财票分离的目的是防止通过罚款收来的钱被开罚款单的机构滥用，一旦进入了财政局的 "财票分离"帐户，收来的钱就进入国库了。