In the context of Supersymmetric Grand Unified theories with soft breaking terms arising at the Planck scale, it is generally possible to link flavor changing neutral current and CP violating processes occurring in the leptonic and hadronic sectors. We study the correlation between flavor changing squark and slepton mass insertions in modelsà la SU (5). We show that the constraints coming from lepton flavor violation exhibit a strong impact on CP-violating B decays.The phenomenology of low-energy supersymmetric (SUSY) extensions of the Standard Model (SM) crucially depends on the mechanism responsible for breaking SUSY itself, namely on the structure of the SUSY soft breaking terms. It is possible to explore these terms by studying the production and detection of SUSY particles. In addition, one can shed light on these terms by analyzing the SUSY effects on rare flavor changing neutral current (FCNC) and CP violating processes. Obviously for this latter approach the flavor structure of the soft breaking terms is of utmost importance. Theoretically, we can distinguish two opposite situations. First, we can have SUSY breaking mechanisms which are completely insensitive to flavor (for instance, pure dilaton breaking in supergravities, gauge or anomaly mediated SUSY breaking). Alternatively, SUSY breaking can feel the flavor structure leading to soft breaking terms which are not flavor universal (this is what happens in supergravities which have also moduli breaking). In spite of the original flavor blindness of certain SUSY breaking mechanisms, we can still have large flavor non-universalities in the low-energy SUSY breaking sector. This occurs if the universal soft terms appear at some energy scale much larger than the electroweak scale in the presence of new flavor structures (for instance, in Grand Unified models or in the presence of new Yukawa couplings as in the seesaw model). In the running between these two scales, the soft breaking terms can 'pick up' non-universal contributions: soft scalar masses and scalar trilinear terms bear a 'memory' of the high energy flavor structures through their RG evolution. In conclusion, either that we start from SUSY breaking mechanisms which are not flavor blind or that we produce flavor non-universality through the RG scaling, we can envisage the general situation that soft SUSY breaking terms are flavor non-universal at the electroweak scale.To analyze flavor violating constraints at the electroweak scale, the model independent Mass-Insertion (MI) approximation is advantageous [1]. In this method, the experimental limits lead to upper bounds on the parameters (or combinations of) δ is the average sfermion mass. In addition, the mass-insertions are further sub-divided into LL/LR/RL/RR types, labelled by the chirality of the corresponding SM fermions. Detailed bounds on the individual δs have been derived by considering limits from various FCNC processes [2]. As long as one remains within the simple picture of the Minimal Supersymmetric Standard Model (MSSM), where quarks ...