SNP MEP Alyn Smith has issued an "unreserved" apology over his allegation that the Brexit Party is a "money laundering front". Brexit Party chairman Richard Tice threatened to sue Mr Smith over the claim, which he made in a TV interview. Mr Smith has now admitted he did not have any evidence to support his claim.
He has agreed to pay a "significant" contribution to Mr Tice's legal costs, and will also make a donation to the Help for Heroes charity. Mr Smith was being interviewed on Sky News following last month's European Elections when he claimed that the Brexit Party - which is led by Nigel Farage - was "a shell company that's a money laundering front".
He went on to claim that "the only question about the Brexit Party now is which laws they've broken and where their campaign finances have come from". Mr Tice instructed his lawyers to demand an apology from Mr Smith for his "utterly false and highly damaging" comments.