Exiled: ASIC slaps down PwC partner

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The man at the centre of the Pricewaterhouse Coopers tax leak scandal has copped a massive blow to his reputation with the country’s financial watchdog blocking him from the world of finance until the 2030s.

The Australian Securities and Investments Commission announced on Friday it had formally banned former PwC partner Peter Collins from providing financial services or controlling an entity that carries on a financial services business for eight years.

PwC was thrown into disarray in January after revelations Mr Collins, the consultancy firm’s former taxation partner, leaked sensitive and confidential government information to fellow partners and clients to help them avoid tax.

Source: News Formal (newsformal.com)

 

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