Harvey Weinstein could be stripped of his CBE following allegations of sexual assault made against the Hollywood producer, the BBC understands.
The removal of the honour is believed to be being “actively considered” by the government’s Honours Forfeiture Committee for the first time.
He was awarded an honorary CBE for outstanding contribution to the British film industry in 2004.
Bafta has already suspended Weinstein’s membership.
More than two dozen women – among them actresses Angelina Jolie, Gwyneth Paltrow and Rose McGowan – have made accusations against him including rape and sexual assault.
Weinstein insists sexual relations he had were consensual.
A group of Labour MPs, including Jess Phillips and Chi Onwurah, have written to the prime minister calling for his CBE to be removed.
Previous recipients of honours to have had them removed include banker Fred Goodwin.
The former boss of the Royal Bank of Scotland was heavily criticised over his role in the bank’s near-collapse in 2008.
The Cabinet Office said the scale and severity of his actions made it “an exceptional case”.
Other high-profile cases include jockey Lester Piggott, who was stripped of an OBE after he was jailed in 1987 for tax fraud.
The former spy Anthony Blunt was stripped of his knighthood in 1979 for supplying hundreds of secret documents to the Soviets while a wartime agent for MI5.