What is the use of security control list(Allow, deny & Watchlist) in TISC application

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Hi Everyone,

In the TISC application, under the Administration section, there is a "Security Control List" that includes three sub-sections: 1. Allow List, 2. Deny List, and 3. Watch List.

I would like to understand the purpose of this section and the business use cases for these specific sub-sections.

Thanks in advance