3Lines: Building an AI Compliance Reviewer That Checks Every Statement of Advice Against the Corporations Act

Brief

3Lines Group’s 50-60 AFSL-licensed enterprise clients all depend on every Statement of Advice standing up against ASIC and Corporations Act requirements, so we built Regi – an AI compliance assistant now live inside 3Lines’ RegiVet product that reviews every SOA in two passes, scoping which advice areas apply and then running around 50 detailed compliance checks with commentary, page references, and citations, while leaving the final compliance call with a human reviewer.

We recently completed a project with AI Advancements and the experience has been exceptional from start to finish. Their team is energetic, highly motivated and absolutely true to their word. What they commit to, they deliver… They don’t just execute tasks, they think strategically, challenge constructively and contribute ideas that add real value… Throughout the engagement, they demonstrated deep technical capability, clear communication and a strong sense of ownership… Highly recommended.

EloiseDirector, 3Lines Group

Problem

An AFSL compliance reviewer’s job is to read a Statement of Advice cover to cover and check it against a long list of regulatory requirements – is every recommendation justified, is every disclosure present, does every section reference the right sources. Miss one requirement and the risk doesn’t disappear, it just moves downstream to an audit, a client complaint, or a licensing review. At 3Lines’ scale, that review process was entirely manual, meaning quality depended on how much time and attention a reviewer had for any given document, with no consistent way to catch the same issue every time or point back to exactly where in a hundred-page document a problem sat. 3Lines needed a way to apply the same rigorous check to every single SOA, flag exactly where and why something needed attention, and still leave the actual compliance judgement with a qualified human.

Solution

Regi reviews a Statement of Advice in two stages. First, it works through 14 advice areas and determines which are actually relevant to that specific document. Then it runs a detailed pass – around 50 compliance questions – giving commentary, page references, and citations for each finding, along with suggested remediation where something needs fixing.

• Two-pass design – scoping which advice areas apply first means the detailed review is focused and relevant, not a generic checklist run against every document regardless of fit.
• Every finding is traceable – page references and citations mean a reviewer can verify Regi’s reasoning in seconds instead of hunting for it themselves.
• Human judgement stays central – Regi surfaces issues and suggests remediation; it never makes the final compliance decision itself.
• Built directly into 3Lines’ product – not a bolt-on tool, but a core feature of RegiVet, live and monetised as part of the platform their clients already use.

We recommend checking out their live website to learn more about this product: RegiReview

Result

Regi is live in production inside 3Lines’ RegiVet product today, reviewing Statements of Advice for 3Lines’ enterprise client base. Reviewers get a structured, cited starting point on every document instead of a blank page, and 3Lines has a genuine “second line of defence” compliance tool it can point to as a differentiator for its own clients. The relationship has continued to grow since – 3Lines came back to extend Regi with OCR capability for handwritten and scanned documents, a sign of how much value the original build delivered.

Under the Hood