No, Site Recovery doesn't intercept replicated data, and doesn't have any information about what's running on your virtual machines or physical servers.
Replication data is exchanged between on-premises Hyper-V hosts, VMware hypervisors, or physical servers and Azure storage or your secondary site. Site Recovery has no ability to intercept that data. Only the metadata needed to orchestrate replication and failover is sent to the Site Recovery service.
Site Recovery is ISO 27001:2013, 27018, HIPAA, DPA certified, and is in the process of SOC2 and FedRAMP JAB assessments.