💵 Popular Mexican Banks Accused of "Narco" Money Laundering

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Good morning Insiders! It’s Tuesday July 1 and before we jump into this week’s newletter, I have to thank the local individuals and business owners who have already stepped up to donate bikes and money for the Hekab Be summer program in Akumal. Thank you, Gracias and Yum bo’otik to:

Rosie & Mark Eifler
PA-Stay Property Management
Emily Zolden & Ben Amara 
BuyPlaya Real Estate Advisors
Pilates Reformer PA 

If you would like to learn more, check out the Do Good Riviera Maya section at the end of this newsletter or just reply back and I’ll tell you more.

In today’s newsletter you will find:

• Dolphin shows banned in Mexico

• Unsettling times for CiBanco and Intercam clients

• Playa Grill Fest fires up Parque Fundadores

• Tips for beating the heat responsibly

• A boutique hotel for sale in Akumal

— Michele Kinnon

*This newsletter may be clipped for length by your email provider. For the best reading experience, scroll up and select the option to READ ONLINE. The typeface is larger and easier to read. The images are crisper. It’s a better reading experience. Trust me. 😄 

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PHOTO OF THE WEEK

📸 Our Photo of the Week, was taken by @stevven1883 at Cenote Samulá in Yucatan.

📸 If you would like to see YOUR photo featured here, follow and tag @rivieramayainsidermx on Instagram or send it to [email protected].

RIVIERA MAYA ROUNDUP

News from the Riviera Maya and beyond. You don’t have to know everything—but you should know something. Here are a few stories that caught my eye in the news this week.

🦞 Caribbean Lobster Season Opens
As of July 1, the veda (closed season) for Caribbean spiny lobster has officially ended, reopening the waters of the Riviera Maya and Mexican Caribbean to legal harvest. Lobster lovers can now enjoy the season’s first fresh catch at local markets and restaurants. The ban will return March 1, so enjoy responsibly while it lasts.

🚆 Riding the Tren Maya from Cancún to Mérida: What to Expect
Taking the Tren Maya from Cancún Airport to Mérida sounds easy—but travelers are running into confusing shuttle logistics, limited departure times, and ongoing station construction. If you're planning this route, learn more.

🏨 $700M Hotel Expansion Boosts Playa Economy
Hotel Xcaret México just unveiled a massive $700 million expansion backed by Mayor Estefanía Mercado and Governor Mara Lezama. With 2,000 new jobs and a bold vision for sustainable tourism, Xcaret is helping push Playa del Carmen into the global spotlight. Read more.

🌊 Mahahual’s Mega Splash
Royal Caribbean is building a $600M mega-waterpark in Mahahual with the tallest waterslide tower in the Americas—and that’s just the beginning. As cruise giants and luxury resorts reshape Quintana Roo, are we witnessing a tourism transformation or trouble ahead? Read more.

🏕️ Tulum Man Wins Land Back After 5-Year Legal Battle
After a five-year legal fight, Víctor Manuel Chávez has reclaimed his Tulum beachfront campground from illegal occupiers—marking a major victory in a region plagued by land grabs and environmental damage. But the fight for coastal justice in Tulum is far from over. Read more.

🌪️ Storm Warning: U.S. Cuts Off Critical Hurricane Data
Mexico and the Caribbean could face greater hurricane risks this season as the U.S. ends access to key satellite data used to forecast deadly storm surges and rapid intensification. Experts warn this move could delay emergency responses across the region. Read more.

ICYMI

In case you missed it, these are the most popular news stories from last week.

🐸 The End of an Era in Playa del Carmen
After more than 25 years of wild nights, neon lights, and tequila-fueled memories, Señor Frog’s in Playa del Carmen is being demolished due to safety concerns. The once-iconic hotspot by the pier has stood empty since 2024. Read more.

🛃 A Shakeup for the Shakedown at Customs
A major customs overhaul is coming to Mexico as President Sheinbaum has announced a new law set for September, aimed at tackling corruption, streamlining border operations, and boosting transparency. Learn more.

EXPAT LIVING

Unsettling Times for CIBanco & Intercam Clients

Expats who opened accounts with CIBanco or Intercam—mainly due to their easy onboarding for foreigners—are now facing unsettling news. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has flagged both banks as “primary money-laundering concerns.” The accusations include facilitating millions of dollars linked to drug cartels and fentanyl trafficking.

CIBanco allegedly moved $10 million for a Gulf Cartel member and over $2 million tied to fentanyl precursor chemicals. Intercam is accused of direct ties with the Jalisco New Generation Cartel. As a result, U.S. banks are now prohibited from doing business with them.

Mexico’s banking authority (CNBV) has stepped in, replacing leadership at both banks to stabilize operations. While the banks claim customer funds are safe, users have reported issues with wire transfers and account access. Major institutions, such as real estate trust Terrafina, are already cutting ties. Many more are expected to follow.

Bank customers, including many foreign residents, now face uncertainty, having chosen these banks for their relaxed documentation requirements. Authorities in Mexico have requested further evidence from the U.S., and investigations are ongoing.

The bottom line? If you bank with CIBanco or Intercam, assess your exposure now. As investigations and sanctions unfold, staying informed—and prepared to switch banks—could save you from unexpected hassles in the months ahead.

In related news, Mexico’s Senate has approved a controversial anti-money laundering reform that gives the federal Treasury sweeping new powers to access personal financial data—without a court order. The law, intended to fight corruption and organized crime, permits the Financial Intelligence Unit (UIF) to monitor individuals, including public officials, their families, and business associates, for suspicious financial activity.

Supporters argue it strengthens Mexico’s tools against illicit money flows, aligning with international standards. But critics warn it may undermine citizens' privacy rights. The opposition calls it an alarming expansion of state surveillance that risks targeting individuals without judicial oversight.

For Mexican nationals and foreign residents alike, this reform signals tighter scrutiny of personal finances in Mexico. If you have something to hide, Mexico is going to make it a lot harder.

Mexico Moves to Ban Dolphin Shows—But Will Anything Really Change?

In a unanimous vote, Mexico’s Senate has passed sweeping legislation banning the use of marine mammals in entertainment—including dolphins, seals, and orcas. The reform to Article 60 Bis of the General Wildlife Law prohibits commercial shows, captive breeding, and the capture of new specimens for display. Governor Mara Lezama has confirmed that the law will be enforced in Quintana Roo, home to more than half of the country’s dolphinariums.

“This will be the last generation of dolphins in captivity,” Lezama said in a public statement, underscoring that Mexico joins Chile and Costa Rica in ending marine mammal exploitation for profit. The state has already begun working with legal and technical teams—and dolphinariums themselves—to ensure a transition away from shows and breeding.

On paper, it’s a win for animal welfare. Captive marine mammals often suffer both physically and psychologically, and critics have long called Mexico’s tourism-based dolphin industry a form of normalized cruelty. The law has been praised by conservation groups as a shift toward more ethical tourism.

But skeptics—like me—are still asking: Will this really change anything?

Despite the law’s language, major players like The Dolphin Company remain operational and recently secured an $8 million USD post-bankruptcy financing deal. That’s hardly a sign of a collapsing industry. Existing facilities may continue operating under grandfather clauses, especially for dolphins already in captivity. While shows will be banned, it's unclear how the new rules will apply to current commercial programs labeled as “educational experiences.”

And enforcement? That remains Mexico’s Achilles heel. Critics point to years of ineffective oversight and regulatory loopholes. So while Governor Lezama’s statement is encouraging, many locals aren’t celebrating just yet. For now, the dolphins are still swimming in circles—and so is the conversation.

TRAVEL TALK

Hot Tips for Staying Cool Responsibly

Welcome to summer on the Riviera Maya. Yes, it’s hot. Yes, the A/C is a lifesaver. But before you crank it down to “arctic,” a quick heads-up: electricity rates in Quintana Roo just went up. Federal subsidies have been pulled. Locals—and your vacation rental host—are feeling the heat in more ways than one.

Here’s how you can stay cool and energy-conscious during your stay:

• Flip off the A/C when you head out. Your place will cool down fast when you’re back from the beach.

• Keep windows and doors closed while the A/C is on. Seems simple, but it makes a big difference in effectiveness and cost.

• Set the thermostat to 24°C / 75°F. That’s the sweet spot for comfort without overkill.

• Try dry mode at night—it uses less power, pulls out the humidity, and still feels cool.

• Use the sleep or timer function to avoid unnecessary overnight use.

Why it matters: Many vacation rental hosts don’t charge extra for electricity, even though it’s one of their biggest expenses. A little mindfulness helps protect the planet, the equipment, and your host’s wallet—without costing your comfort.

Thanks for doing your part while enjoying paradise.

NOTES ON NAPKINS

A Night of Creative Cocktails at Peninsula

Shake, stir, and sip your way through a fun and flavorful evening at Península Cocina del Sureste in Puerto Morelos. On Thursday, July 3 at 6:30 PM, they're hosting an intimate Mixology Experience where you'll learn to craft three custom cocktails—with a welcome drink to get things started.

Guided by local experts in the art of mixology, you’ll explore fresh ingredients, new techniques, and bold combinations. Then, put your skills to the test for a chance to win the "Best Drink" prize. Spots are limited, so reservations are essential.

📍 Península Cocina del Sureste, Puerto Morelos
📆 Thursday July 3 | 6:30 PM
🎟️ 800 pesos per person
📲 Reservations: 998 844 9290

Playa Grill Fest Heats Up Parque Fundadores

Get ready for smoke, spice, and flavor under the Caribbean sky—Playa Grill Fest is firing up the grills on Tuesday, July 9 from 4 PM to 11 PM at Parque Fundadores in Playa del Carmen.

This sizzling one-day event brings together some of the top grill masters from across Mexico for a culinary celebration of everything cooked over open flame. Expect 20+ grill stations serving premium cuts, wood-fired seafood, traditional dishes like tikin-xic, tacos al pastor, and even grilled desserts. Whether you're a hardcore carnivore or just here for the smoky aromas, it’s a feast you won’t want to miss.

Live music and cultural performances will round out the experience making this a fun and tasty outing for all ages.

📍 Parque Fundadores, Playa del Carmen
📆 Tuesday, July 9 | 4 PM – 11 PM
🎟️ Free entry – food and drink for purchase

RIVIERA MAYA REAL ESTATE

Boutique Jungle Hotel in Akumal

This one’s not for everyone—but for the right buyer, it could be a game-changer. Tucked into the jungle minutes from Akumal Beach, this eco-friendly condo-hotel property features 10 fully furnished apartments (15 bedrooms in total) across five 2-story buildings, complete with a large pool, tropical gardens, and an outdoor Argentine-style grill and dining area.

The vibe is modern and minimalist with industrial finishes, and everything’s ready to go—from linens and kitchenware to solar panels and on-site laundry. With 10 parking spaces, private terraces, and a prime Riviera Maya location, it’s built for business.

Whether you’re dreaming of running your own boutique hospitality operation or looking for a high-yield rental asset, this property is designed for serious returns. Akumal's tourism scene is booming, and the demand for unique, well-run stays is only growing.

Click here to see the full listing. It’s a rare find with huge potential for the right person.

This is a paid ad. Our advertisers help keep content free for readers and not stuck behind a paywall. If you would like to advertise in the Riviera Maya Insider click HERE for our rate sheet.

¿QUE PASA?

Check out the events and happenings we found for the next month or so on the Riviera Maya and beyond.

Juy 4 & 5 | 7th Annual Mayans & Pirates Festival at the Fiscal Pier in Chetumal. Activities starting at 10AM.

July 5 & 6 | “¡Qué Rico es Cancún!” Gastronomic Festival in the Parque de las Palapas in Cancun beginning at 5Pm. Free admission. Food and beverages to purchase.

July 9 | Playa Grill Fest in Parque Fundadores in Playa del Carmen | 4PM - 11PM. Free Admission with tasting tickets for sale onsite. Info.

July 10 - 17 | Feria del Carmen in the Parque 28 de Julio, Playa del Carmen. Free Admission.

July 11 | Tango Bardo presented at the Teatro de la Ciudad in Cancun. Curtain time 8PM. Tickets.

July 11 & 12 | “Diosa del Mar“ International Women’s Fishing Tournament in Puerto Morelos. Info and registration.

July 11 - 13 | 2025 Cozumel Vivo Fest Wellness Festival in various locations including Hotel B, Chankanaab Park and Punta Sur. Info. Tickets.

July 12 & 13 | Feria del Maiz at the Malecón Tajamar in Cancun from 4PM - 10PM. Free Admission. Food and beverage to purchase.

July 18 - 20 | “De la Calle a la Cancha” State Street Soccer Championship - Parque 28 de Julio in Playa del Carmen. For more info, Whatsapp 984 211 2558 | Saju Mendoza.

Do you have information about an upcoming event that you would like to see shared on Riviera Maya Insider? Let us know by replying to this email or sending it to [email protected].

Nothing in this section is sponsored. I'll always let you know when something is a paid ad.

DO GOOD RIVIERA MAYA

Help the Kids at Hekab Be in Akumal

Hekab Be Biblioteca has been serving the familes of the Akumal pueblo since 1998, providing after-school and summer school programming for the children of Akumal. They are completely donor-supported and managed by a 501(c)(3 )non-profit organization in the United States.

In mid-May, the Principal and staff of Hekab Be resigned. Following these departures, the Board of Directors immediately began a comprehensive review of the property, inventory, and records. What they discovered was deeply concerning—neglected facilities, poor record-keeping, and severe disorganization.

Over the past five weeks, they have removed four 3-ton truckloads of debris from the property and uncovered extensive hoarding and damage to supplies. Shockingly, many essential items were missing or damaged, including bicycles, rollerskates, binoculars, water vests, water shoes, laptops and arts & crafts supplies.

Right now, the board members are furiously working to hire a new Principal and teaching staff with a goal of opening on July 21st—in time for summer school. They also need to replace all of the missing and damaged items to ensure that the children have a positive experience during summer school with clean, welcoming facilities, filled with the items that they are familiar with to lhelp them earn and explore.

WHAT CAN WE DO?

My friend Kelly has asked me if we can help them secure bicycles. Their goal is 20 bicycles—a combination of boys and girls for a variety of ages from 4 to 14. The bicycles do not need to be brand new. Used bikes in good condition are just fine. If you have a bike to donate or would like to purchase a bike for Hekab Be, I would he happy to pcik it up and deliver it to Akumal. Just reply back to this email and I will make it happen.

Hekab Be will be appreciative of any type of support that you can provide during this unfortunate time. If you can help with this recovery effort, please contact Kelly Maher via WhatsApp at +1 678 471 9572. Thank you in advance for your generosity!

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