CIBanco, Intercam, and Vector Casa de Bolsa are facing massive 185 million pesos in fines. Mexico's National Banking and Securities Commission announced these penalties on July 15, following the US Treasury FinCEN's June 25 accusations linking the firms to money laundering and facilitating payments for chemical precursors.
International travel to Mexico is about to get a major boost with the addition of new flight routes to the newly expanded Tepic-Riviera Nayarit International Airport (TPQ). These direct connections will make it easier than ever for travelers to experience the warmth, cuisine, and culture of Mexico’s Pacific coast.
The U.S. Treasury Department has announced a 45-day extension for the implementation of sanctions against Mexican financial entities Intercam, CIBanco, and Vector. The new deadline for these restrictions, which prohibit the institutions from conducting transactions within the U.S. financial system, is now September 4.
Travelers looking to explore the beautiful state of Jalisco will soon have another convenient option, as WestJet, Canada's second-largest airline, launches a new direct flight connecting Calgary, Alberta to Guadalajara this winter. This addition brings the total number of direct flights between Canada and Guadalajara to four.
A new Nonresident Duty (DNR) fee for cruise passengers arriving at Mexican ports, including Puerto Vallarta, officially took effect on July 1. The tax begins at just $5 USD per person and will be gradually increased to $21 by 2028, as part of a broader strategy to strengthen Mexico’s economy and tourism sector.
Jalisco is attracting more Canadian visitors than ever, thanks to strong air connectivity, rich culture, and diverse destinations like Puerto Vallarta, Guadalajara, and Mazamitla. In the first half of 2025, Canadian arrivals rose 5%, reinforcing the state’s status as a top travel choice.
U.S. citizens residing in Puerto Vallarta and across Mexico who use certain Mexican financial institutions, including CIBanco, Intercam Banco, and Vector Casa de Bolsa, must be aware of significant new restrictions on money transfers. This includes transactions to or from any accounts managed by or on behalf of these three institutions.
More than 32,000 students joined the Jalisco 2025 STEAM Challenge, showcasing creative solutions to real-world problems. Top teams earned cash prizes and a trip to Silicon Valley for Innovation Day this July, proving that innovation, teamwork, and determination can shape a brighter future.
Mexico City is making motorsports history as it hosts the first-ever international, points-paying NASCAR Cup Series at the legendary Autódromo Hermanos Rodríguez this weekend. This exciting event will also include the NASCAR Xfinity Series and the NASCAR Mexico Series, uniting top-tier talent from across North America.
For May 2025, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 2.9%, compared to May 2024. Tijuana, Los Cabos, Puerto Vallarta, and Guadalajara airports presented an increase in passenger traffic of 3.4%, 1.1%, 0.9%, and 0.3% respectively, compared to May 2024.
