What Law is this (Paypal query)

[duckwhistle]

Having used PP for a while, buying only, They now inform me that I can no longer send any more of my own money via their system unless I allow them full access to my Bank account. This is apparently a 'Legal' requirement. I am curious as to which Law covers this. Anyone here know the answer ?
Apparently come the anniversary of my signup this limit resets back to Zero like some weird financial odometer.

[duckwhistle]

Thanks for the replies guys. It was a genuine message on the logged in account. Their terms and conditions are unacceptable. They do not answer emails, turnover not an issue as I do not sell nor will I ever. As for money laundering, this was petty cash stuff, piddling little amounts for vintage bits & pieces. The account is now closed, I do not trust these people who will not answer a simple enquiry and invent 'Laws' to serve their own ends.

[duckwhistle]

Despite all the helpful contributions, I have yet to identify the 'Law' which paypal rely. Nor can they tell me. Thanks again for your interest but please consider this closed now.