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"With the benefit of the CPS's early investigative advice, and after careful consideration of the information received as a result of the investigation to date, the Met has concluded that no further action will be taken in this matter," police said in a statement.
King Charles' former confidant Michael Fawcett resigned as chief executive of The Prince's Foundation in the wake of allegations relating to a Saudi billionaire donor
The Metropolitan Police said the decision followed advice from prosecutors.
The police will not be making further investigations into claims that foreign tycoons were being offered help to obtain honours in exchange for donations to King Charles's charity.
Michael Fawcett, who was once Prince Charles's confidante, is said to have promised a Saudi billionaire, Mahfouz Marei Mubarak bin Mahfouz, 53, British citizenship and a knighthood