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Will I be punished for any cheating or fraud conducted by other users while playing my games?
Your Family Library Sharing privileges may be revoked and your account may also be VAC banned if your library is used by others to conduct cheating or fraud. Additionally, VAC-banned games cannot be shared. We recommend you only authorize familiar computers you know to be secure. And as always, never give your password to anyone.
https://store.steampowered.com/promotion/familysharing
Read this for more information:
https://help.steampowered.com/faqs/view/57A7-503C-991F-E9A8
The only time you would get one, is if you actually did something to cause a ban or shared to someone else who then got a ban in one of your games.
https://store.steampowered.com/account/managedevices/?showexcluded=1
The new CoDs (MW19, Cold War, Vanguard and MWII/WZ2) are not shareable and they don't use VAC either.