While the principle of Confidentiality is paramount, under which specific circumstance is a chartered accountant permitted or required to disclose confidential client information?

Correct answer: B) When disclosure is required by law, such as reporting suspected money laundering to a designated regulatory authority.

Explanation

Confidentiality exceptions exist when disclosure is authorized by the client, required by law (e.g., anti-money laundering reporting, court orders), or when there is a professional duty or right to disclose (e.g., ICAP quality control reviews).