In a statement, Denis MacShane said: "I am shocked and saddened that the BNP has won its three-year campaign to destroy my political career as a Labour MP despite a full police investigation which decided not to proceed after investigations and interviews.
"I am glad the committee notes that there is no question of personal gain. Clearly I deeply regret that the way I chose to be reimbursed for costs related to my work in Europe and in combating anti-semitism, including being the Prime Minister's personal envoy, has been judged so harshly.
"I remain committed to work for progressive values, for Britain playing a full part in Europe, and for combating anti-semitism even though I can no longer undertake this work as a Labour MP.
"I am consulting family and friends as I consider my position and study the full implications of the report. I am obviously desperately sorry for any embarrassment I have caused my beloved Labour Party and its leader Ed Miliband whom I greatly admire."
More top news
An astronaut on the International Space Station has shared his experiences from outer space in the first Twitter chat from the craft.
Kate is now an advanced diver after passing a Professional Association of Diving Instructors (PADI) advanced open water diver qualification.
The Queen and other members of the Royal family have been photographed in striking "quadruple" portraits.