This is an extremely good point. If the whole system, end to end, after all safeguards (e.g. human reviewers which can also make mistakes) has a one-in-a-billion chance to ruin a user's life, then statistically, we can expect 1-2 users to have their lives ruined.
What's even worse, when those individuals are facing whatever they're facing, they'll have to argue against the one-in-a-billion odds. If there are jurisdictions where defense lawyers don't get access to the images their client is accused of, and prosecutors and judges don't look at the images but only at the surrounding evidence (which says this person is guilty, with 99.9999999% certainty), Apple may have built a system that's statistically expected to send an innocent person to prison.