Thanks for that. I think this is a good law. If I'm working for you, this means you don't get access to my personal accounts. If you're working for me, this means you can't lock me out of accounts that I'm paying you to use.
The only place this law causes friction is when employees are either using personal accounts for business purposes or business accounts for personal purposes. It's a good law because it encourages a separation of the personal and professional spheres of one's life.