AFAIK 433MHz can be used for any short-range application, similar to 27/49MHz for R/C cars. There are plenty off-the-shelf 433MHz transceivers for hobbyists, and I think car remote-unlockers use that band as well. And this doesn't appear to have a particularly powerful transmitter, so you'd have to bring the transmitter relatively close to the receiver (like <100ft, usually) in order to download...whatever.
If they're able to put this thing on your car in the first place, I guess it's not infeasible for them to drive by to download updates.
Why would tampering with such a device be illegal? Or blocking their signal? It's your car and until proven otherwise, you have no reason to bear with other people or the government installing such surveillance equipment.
If you're a convict then you might be released earlier but with some electronic surveillance, but even that is with your own consent.