The four main elements of a red flags program must include reasonable policies and procedures to:

While identifying, detecting, and responding to risks are vital, the term "restrict" implies a limit on actions rather than a continuous improvement process. A red flags program should focus on updating and improving policies instead of merely restricting actions, which could lead to stagnation and missed opportunities for enhancing the program.

The inclusion of "copyright" is irrelevant in the context of a red flags program. Copyright deals with intellectual property rights, which does not align with the objectives of risk management. The focus should be on addressing risks and improving responses rather than on protecting creative works.

Although prosecution may be a consequence of serious risks or violations, it is not a fundamental element of a red flags program. The primary aim should be to manage and mitigate risks before they escalate to legal actions, thus highlighting the need for updates and proactive measures instead of reactive legal responses.