Take the claims seriously. I was almost raped by a FOUR YEAR OLD when I was EIGHT. Not all rapists are adults. And it doesn't matter if the kid was curious. What he did was beyond just pulling his pants down to see what I thought. Don't overreact, but make sure the kid knows it's okay to talk to you about ANYTHING, and I mean ANYTHING. Don't overly talk to him about this issue since it could scare him. Don't leave him alone with adults he clearly is afraid of past the "new person I want mom!" levels.
Watch for the red flags.
Take claims seriously.
If the kid is acting up and attacking other kids, or does things that are usually considered inappropriate in public, in the middle of a public place.
And make sure YOU keep your emotions in check when he tells you if god forbid it ever happens. Hug him tightly, tell him your gonna make sure it won't happen again and be proactive. Even if it means destroying your marriage, destroying cousin Lou's life, or disappointing your mother.
Your child is more important then any of them.