More than £1.2 million in suspicious transactions linked to Reform UK have been reported to the National Crime Agency (NCA), prompting a probe into potential financial irregularities. The revelations come as the party faces scrutiny over its funding sources and compliance with electoral law.
Details of the reported transactions
The transactions, which include donations and other financial transfers, were flagged by banks and financial institutions under anti-money laundering regulations. According to sources familiar with the matter, the NCA is examining whether any of the funds originated from foreign sources, which would be illegal under UK electoral law.
The NCA confirmed it had received the reports but declined to comment on ongoing investigations. A spokesperson said: "The NCA takes all reports of suspicious financial activity seriously and will assess them appropriately."
Political fallout and calls for transparency
The news has intensified pressure on Reform UK leader Richard Tice to disclose the party's donors. Opposition parties have called for a full investigation, with Labour demanding that the Electoral Commission launch a separate inquiry. A Labour spokesperson said: "The British public deserve to know who is funding political parties. These reports raise serious questions about Reform UK's financial practices."
Reform UK has denied any wrongdoing, with a party spokesman stating: "We are confident that all our transactions are fully compliant with the law. We have nothing to hide and will cooperate fully with any investigation."
Broader context of political funding concerns
The reports come amid broader concerns about the influence of dark money in UK politics. Recent years have seen increased scrutiny of donations to political parties, particularly those with ties to foreign entities. The Electoral Commission has previously warned that the current system relies heavily on self-reporting, leaving loopholes for opaque funding.
According to data from the Electoral Commission, political parties in the UK reported over £100 million in donations in 2025, but experts believe the true figure may be higher due to unreported or misreported transactions. The case of Reform UK highlights the challenges regulators face in enforcing transparency.
