You are testing encryption of Outlook email content, also called Outlook Message Encryption (OME) or Purview, which incorporates Microsoft Information Protection (MIP).
Although it contains the headers from DLP the encrypted content seems to be bypassing DLP without inspection.
Release : 15.8+
Component : Cloud Service for Email
MIP was formerly also known as Azure Information Protection (AIP).
OME, MIP and AIP all rely on Microsoft's Rights Management Solution (RMS) for encryption and decryption of email content.
The Cloud Service for Email can inspect RMS-encrypted content, but additional steps are required after initial enrollment of the Cloud Detector.
You need to enable the AIP plugin to the DLP Cloud Service by enrolling your AIP Credentials at the Cloud Management Portal.
See this page for documentation on how to do that:
These sites at Microsoft provide more information:
Message Encryption - Microsoft 365 Compliance | Microsoft Docs
Email encryption in Microsoft 365 - Microsoft 365 Compliance | Microsoft Docs