Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
You are correct that transparencies are not compatible with the PDF/A compliant option. This is not a new thing and I don't believe there is a workaround other than flattening the picture.
You might also try going to File > Info > Commercial print settings > Manage embedded fonts and uncheck 'do not embed common system fonts' and check to embed the fonts. There are a couple options to try including subset fonts.
If no joy, as per the embedded font issue, perhaps this page from lulu might help: https://help.lulu.com/s/article/How-Do-I-Embed-Fonts-in-a-PDF?language=en_US
DavidF