Of course, it's all a pretence for getting access to read all of your data. It might be a language thing, but the wording of the report was such that they were almost stating this explicitly.
Honestly, what.the.hell are these clowns thinking?!
So basically, a whistleblower takes photos of some very incriminating documents, someone gets accused of eg. money laundering, hashes of those images get added to the "csam" database, and you find the first person (via metadata) who had that image on their phone.
Also, in some more repressive countries, an image of a famous cartoon bear photoshopped to look like some president can be added, and all the people who look/have/download images (memes) like that, can get put on a "list".
This is when it gets scary, demonising people based on a hash collision with no evidence or context.
1: This is not something I'm personally at risk of, because my parents are tech savvy enough not to post nude pics of a toddler anywhere but in a private chat with his parents (i.e., me and my wife).