Decline Code 64: Transaction does not fulfill AML requirement

The decline code “64: Transaction does not fulfill AML requirement” for a credit card transaction indicates that the transaction has been flagged and rejected due to concerns related to Anti-Money Laundering (AML) regulations. This means that the transaction exhibited patterns or characteristics that triggered AML control mechanisms in place by the financial institution or payment processor. These controls are designed to prevent and detect potentially illegal activities, such as money laundering or financing of terrorism. When a transaction receives this code, it does not comply with the AML standards set by the financial institution or regulatory bodies, leading to its automatic decline to ensure compliance and protect against illegal activities.