Iran has created a fraud court to fight rampant financial irregularities and try to help its deteriorating economy.
According to a report by The Wall Street JournalThe court was approved by the country's ruler, Supreme Leader Ayatollah Ali Khamenei, in August.
Since the tribunal was established, dozens have been sentenced and many have been executed. This month, 50 men were given 20 years in prison for bribery, embezzlement and damage to the economy.
Last month, two men were executed on charges of smuggling foreign currency and changing the gold currency market illegally. Hundreds of foreign currency traders were also arrested for black market currency operations.
Many see efforts to stifle corruption as a response to Iran's deteriorating economy, which has been hampered in particular by US sanctions that were re-imposed last month.
Ali Fayez, director of the Iran project at the Washington-based International Crisis Group, said the country's crackdown on corruption was part of a larger political picture in the country.
"Fighting corruption in Iran has always been self-serving and used as a political ball," Fayez said. "The regime has begun to recognize rampant corruption as an existential threat and seek to contain it at least."
Khamenei's website said the court's goal was "to punish those convicted of economic corruption in an urgent and fair manner."
Iran executed more than 500 people last year, according to Amnesty International figures.
US sanctions have hurt Iran, and inflation has reached about 30 percent. The country's currency, the riyal, has fallen more than half its value since January. Issues cause social unrest and Street protests.
The black market of the US dollar in Iran is booming, and the Iranian authorities are fading. This has led traders to demand more profit due to risk, widening the gap between official and non-official exchange rates – the power gap wants to get closer to helping the economy.