&gt; That&#x27;s actually a legal requirement in many countries, including the US--either the CEO or CFO of the company must directly deal with a financial institution when setting up a financial institution account (i.e., bank account--note that Paypal is a registered financial institution in nearly all of the jurisdictions in which it operates). My clients run into this all the time. It&#x27;s a hassle, but it&#x27;s one you simply have to accept as the cost of doing business in the big leagues.<p>What U.S. law is this?