We study the implications on flavor changing neutral current and CP violati
ng processes in the context of supersymmetric theories without a new flavor
structure (flavor blind supersymmetry). The low-energy parameters are dete
rmined by the running of the soft breaking terms from the grand unified sca
le with supersymmetric (SUSY) phases consistent with the electric dipole mo
ment constraints. We find that the CP asymmetry in b -->s gamma can reach l
arge values potentially measurable at B factories, especially in the low BR
(b -->s gamma) region, while the contributions to electric dipole moments a
re kept under control through a cancellation mechanism. We perform a fit of
the unitarity triangle including all the relevant observables. In this cas
e, no sizable deviations from the standard model expectations are found. Fi
nally, we analyze the SUSY contributions to the anomalous magnetic moment o
f the muon pointing out its impact on the b -->s gamma CP asymmetry and on
the SUSY spectrum including chargino and top squark masses.