A cloud-based service included in Microsoft 365, delivering scalable messaging and collaboration features with simplified management and automatic updates.
I might have found it:
Full disclosure, I did not originally create the rule, it was created by a coworker back in August, and I'm not sure whether it were unenforced due to an oversight or due to a change that occurred.
Apparently the RMS selected is no longer valid, or may never have existed, I'm not sure. Whatever the case, that's probably the mysterious resource the error message refers to. Not marking this as a solution since nothing's fixed but just in case anyone else is looking for a lead, there it is.