  We study FCNC and CP violating processes in the MSSM without a new flavour
structure (flavour blind MSSM). The low energy parameters are determined by the
running of the soft breaking terms from the GUT scale with SUSY phases
consistent with the EDM constraints. We find that the CP asymmetry in b -> s
gamma can reach large values potentially measurable at B factories, especially
in the low BR(b -> s gamma) region. We analyze the SUSY contributions to the
anomalous magnetic moment of the muon pointing out its impact on the b -> s
gamma CP asymmetry and on the SUSY spectrum.
