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Is it possible to prevent transactions using Risk Management

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In current on premise eBS we have several methods of preventing specific invalid input or preventing transactions that are not allowed. As far as I've understood Risk Mgt signals on these things and can provide an audit trail, but can I also prevent things from happening/entering in the system? Or are there other methods to do this?

It can be as simple as preventing invalid input up to transferring 30 million to an external bank account ..

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