A London church which has faced accusations of fraud and manipulation has been told it will not face investigation from the Met Police.
Last year, officers looked into complaints made by former members of the church who claimed they had been targeted by pastors who took out loans in their names.
The church has consistently denied the allegations and said it would root out any wrongdoing.
Despite this, local MP Steve Reed labelled SPAC Nation a "cult" in a recent parliamentary debate.
In a statement given to Premier, the Met Police said: "In 2019 the MPS was made aware of allegations of fraud and other offences relating to the activities of individuals associated with SPAC Nation.
"Officers from Central Specialist Crime carried out a review to identify if any criminal offences had been committed. This review is now complete and no criminal investigation has been launched into these specific allegations.
"However, during this review detectives identified two separate, similar allegations of fraud reported in different parts of London. The allegations relate to the actions of individuals, not the actions of an organisation, and are being investigated by detectives locally.
"Officers from Central Specialist Crime are in contact with the Charities Commission in relation to its statutory inquiry into SPAC Nation. Should any further information come to light this will be reviewed accordingly."
Church leaders have welcomed the decision by the police.
In a statement, they said: "SPAC Nation will like to re-emphasise that we have confidence in the judiciary system and the law enforcement system, we had belief they would do their jobs right and as a church we stand for what is right."
The Church is still facing investigation by the Charity Commission which has raised concerns over financial, governance and safeguarding matters.
SPAC Nation has grown rapidly in recent years, often attracting young BME people - with some leaving behind a life of crime.
The Church has been praised for its work with ex-offenders and has advised government on the issue.