Vanguard takes screenshots of your PC every time you play a game. Every time you play a game a function is called to screenshot your PC’s screen, in case Vanguard thinks you might have something suspicious, it screenshots your ENTIRE PC screen (all monitors).
Edit: Not trying to spread false info this was shared to me via a friend and there is other data to back up that this is real https://www.unknowncheats.me/forum/anti-cheat-bypass/634974-vanguard-taking-screenshot-pc.html
https://www.unknowncheats.me/forum/valorant/484475-vanguard-screenshots.html
I wouldn’t be totally surprised if it was taking a screenshot and analyzing it locally or maybe somewhere on the network, but I agree it’s really unlikely they’re storing it.