Disrupt the finances of drug-terror nexus: Jaitley

RSTV Bureau
Finance Minister Arun Jaitley at United Nations

Finance Minister Arun Jaitley at United Nations

India has asked the global community to toughen its fight against organised drug trafficking and terror networks by disrupting their financial flows.

Speaking at a special General Assembly at United States Finance Minister Arun Jaitley said that growing nexus of drug trafficking and terrorist networks endangers peace, security and stability across regions.

“Terrorism constitutes one of the most dangerous threats to civilised societies. It knows no borders, terrorists strike cities and innocent civilians across continents,” said Jaitley.

In a clarion call to the international community, the Finance Minister asked world leaders to continue their collective fight against terror evils.

During his address Jaitley termed money laundering and illicit financial flows and proceeds of crime generated from drug trafficking as a major challenge.

“The criminal networks and drug syndicates can only be effectively busted by disrupting their financial flows,” he said.

Jaitley also voiced India’s commitment to the three UN conventions on drug matters, emphasizing that as a supplier of licit opiate raw material to the world and a traditional licit opium cultivator, India is “fully conscious” of its own responsibility to eradicate any illicit cultivation, reduce demand and put in preventive and enforcement measures.

“We strongly believe in the centrality of the three international drug control conventions in addressing and countering the world drug problem. We firmly believe that the conventions provide ample scope to incorporate the ‘human face’ of the drug problem,” Jaitley said.

The Finance Minister also said that India is committed to ensuring the availability of controlled substances for medical and scientific purposes, while preventing their diversion, abuse and trafficking and ensure availability of drugs for palliative care, pain relief and opioid substitution therapy for cancer patients and drug abuse victims.

The United Nations special three-day session on drug trafficking began on Tuesday with the adoption by the 193-member body of the new framework on countering the world drug problem, drafted last month in Vienna by to UN body the Commission on Narcotic Drugs (CND).

Jaitley had last week participated in the spring meetings of the International Monetary Fund and the World Bank in Washington and had held meetings with investors in the city.