Or this… 
Then everyone can see the answer!
My understanding is that the AFA was effectively “created” for RAFAC - as others have mentioned,
By drawing in the training standards and methodology used by SJA…
It was never a SJA course by itself.
The intention was that AFA would essentially be a bunch slightly more comprehensive FIRST aid course - to assist participants in providing FIRST aid - in the immediate aftermath of an incident - with the safety net of ringing 999 and being able to expect an ambulance within a “reasonable” timeframe - or - being able to assist an ambulatory patient to a Minor Injury Unit / A&E.
Calculating the risk, based on severity x likelihood - while also factoring in the cost / training required to deliver this training and the number of likely participants - the AFA was intended to be “a happy compromise”.
Personally - I alway thought it would be a better idea that DIRECTING staff on activities with a greater risk index should be able to receive the FAAW course via RAFAC.
The FAAW has external benefits for most CFAVs - as they may be able to use this qualification to get an extra (modest) salary bump at work.
The scope of the FAAW course is also greater - (last time I did one, it also included Catastrophic Injuries & use of TQ).
FAAW is also more widely accepted, and can even count as college credits for some courses.
But - balance the cost of FAAW per participant against how many instructors rely on donations of out of date first aid supplies for training purposes…
Yet another example of trying to do things on the cheap, and expecting the outcome to be “every bit as good!”
We used to just deliver FAAW in house, like we do with AFA. I’m guessing the only real reason to change was cost of registering each participant.
So is it recognised by NGBs as a suitable first aid course (e.g. DofE, ML etc)?
Just concerned that if they google it & can’t find it we could have a load of AT events / quals pulled at short notice.
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I have had challenges from non-RAFAC deployers and NGB providers about this very thing! Both simply requested a copy of the course syllabus to ensure it was sufficient and covered off the right boxes. Beyond the initial due diligence checks, all have been satisfied with the AFA course.
Having spoken to peers, the same challenges have been conducted a variety of Level 2 and Level 3 First Aid courses from the weird and whacky plethora of first aid companies out there delivering all sorts of courses!!!
By biggest concern this year is whether the NFU insurance scheme will accept the AFA course and, specifically, the RAFAC CatBleed course for my chainsaw work!! 
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My experience from previous employers is similar to @Batfink.
Rather bizarrely, there’s little concern over the actual content - moreover the duration of the course…!
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This is the wrong way around. Ask internally first, then if no result or response ask on VoP.