Kenneth Ross Hetherington is an Australian businessman and director of several companies that held accounts at Malta’s Pilatus Bank, which was shuttered in 2018 over systemic failures to comply with anti-money laundering regulations.[584] [591] [587]
Hetherington was a signatory on 27 accounts at the bank, many of those associated with the family members of senior Azerbaijani politicians.[341] He was a signatory on the Pilatus Bank account of Raphael Investment Limited,[11] a UAE registered company that was beneficially owned by Leyla and Arzu Aliyeva.[11] [341] Raphael Investment featured in one of several transactions flagged as “potentially suspicious” by Duff & Phelps,[341] the New York-based investigators whose confidential report into money laundering at the bank was published by a whistleblower in 2023.[341] According to their report, Raphael Investment was used in a deal to purchase land in Moscow.[341]
Kenneth Ross Hetherington did not respond to The Sentry’s request for comment.
