Which of the following Acts aims to prevent money laundering in India?

The correct answer is PMLA.

Explanation:

Money laundering is the process of making illegally-gained proceeds (i.e., "dirty money") appear legal (i.e., "clean money"). To combat this financial crime, India enacted specific legislation.

1. PMLA (Prevention of Money Laundering Act):
The Prevention of Money Laundering Act, 2002 (PMLA) is an Act of the Parliament of India enacted to prevent money laundering and to provide for the confiscation of property derived from money laundering. It forms the core legal framework in India for preventing money laundering and counter-terrorism financing.

2. Overview of Other Options:
• SEBI (Securities and Exchange Board of India): The regulatory body for the securities and commodity market in India.
• FEMA (Foreign Exchange Management Act): Regulates foreign exchange transactions and external trade in India.
• FCRA (Foreign Contribution Regulation Act): Regulates the receipt of foreign contributions or donations by individuals and associations.

Therefore, PMLA is the Act specifically aimed at preventing money laundering in India.